WorksheetsEconomics
Total questions: 23
Worksheet time: 12mins
The exchange of goods or services without the use of money is called....
scarcity
productivity
barter
purchase
Materials that come directly from nature are called....
Human Resources
Natural Resources
Capital Resources
A person who buys or uses goods or services is called a
Producer
Human
Consumer
Goods made by people and used to produce other goods and services (The tools needed to do a job)
Natural Resource
Human Resource
Capital Resource
A person who uses resources to make goods or provide services
Consumer
Producer
Human
Not being able to meet all the wants at the same time because resources are limited is called
Scarcity
Barter
Goods
A person who works to produce goods and services
Natural Resource
Capital Resource
Human Resource
Coal, soil, and rocks are
Natural Resources
Capital Resources
Human Resources
A tractor, pitchfork and rake are ________________resources.
Natural Resources
Capital Resources
Human Resources
A teacher, doctor and farmer are examples of a
Natural Resource
Capital Resource
Human Resource
Needs are things
that we would like to have
that we must have to keep living
Wants are
things that we would like to have
things that we must have in order to keep living
food, shelter and clothing are all
Needs
Wants
The choice that is made among alternatives or possibilities is....
scarcity
resource
economic choice
True or False: Scarcity is when you have too much of something
True
False
People who make donuts are
Producers
Consumers
People who buy shoes
Producers
Consumers
People who use electricity to power their house are
Producers
Consumers
The plant or factory where the electricity is made is a
Producer
Consumer
The choice that is made among alternatives or possibilities is....
scarcity
resource
economic choice
The next best choice that is given up when an economic choice is made....
Economic Choice
Producers
Scarcity
Opportunity Cost
What occurs when people focus on the production of selected goods or services (experts) ..
Specialization
Trade
Barter
Scarcity
The buying and selling of goods and services is referred to as...
Specialization
Trade
Economic Choice
Opportunity Choice
