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WorksheetsEconomics Review
Total questions: 17
Worksheet time: 9mins
How does the government pay for fire departments and libraries?
Fees
Taxes
Donations
Printing money
Where do people buy and sell goods?
Factory
Market Place
Industrial center
Assembly line
Which of these is an example of a natural resource?
Coal Mine
Nurse
a Manager
a School
A factory is an example of
a capital resource
a human resource
a natural resources
an entrepreneur
Which of these is a human resource?
a teacher
a pipe
a tree
a computer
What is a tax?
Money that people pay to help support the government
Left over money from when you went shopping
A service the government provides to it's people
A good that people provide by working for the government
Police man
Teacher
Garbage man
Firefighter
Mail carrier
soldiers
These jobs are MOSTLY paid for by
Donations
Tax Payers
fake money
non-profit charities
Which job is paid for by tax payers?
Teachers
Doctors
Barbers
Restaurant workers
What things are needed for a market place to work?
goods and services
stores and factories
employees and employers
consumers and producers
What is a consumer?
someone who provides a service
Gets a loan from a bank
works at a job
buys goods and services
On the weekends, Jamie babysits the neighbors kids. The neighbors pay her. Jamie is an example of
a capital resource
a human resource
an entreprenuer
a natural resource
Who is not an entrepreneur?
Haley is hired by a farmer to work at a fruit stand in town
Madison starts selling lemonade on the corner
Will sells his art in an art gallery
Preston invents a new toothbrush and sells them in super markets
Why do countries create currency?
So Ms. B can be rich!
So that citizens can pay taxes to the government
So people can purchase goods and services
So people can work in exchange for goods and services
What do human resources provide to businesses?
capital
labor
land
income
Mark is at the store buying breakfast. He chooses to purchase a chocolate donut instead of buying milk and cereal. What is the opportunity cost of Mark's decision to buy the donut?
4.50
20.99
getting sick from eating too much sugar
having milk and cereal for breakfast
What are capital resources?
People who start their own businesses
People who help to make goods
Things that can be found in nature
Things that are used to produce goods or services
Fresh fruit does not grow well in the winter. How are people in the USA able to get fresh fruit?
People from the U.S. travel to other countries to get fruit
Farmers choose to only grow fruit that grows in cold weather
Stores buy fruit from other countries and then sell it in the United States
People store and freeze fruit that they bought in the summer
