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WorksheetsEconomics
Total questions: 26
Worksheet time: 26mins
Jenny has hundreds of stuffed animals to sell. The stuffed animals are considered the _________.
supply
demand
buyer
seller
What is demand?
the amount of an item you have
how many people want your good/service
the money you have left over after you paid your bills
none of these
What is profit?
the money you have left over after you paid your bills
how many people want your good/service
the amount of an item you have
none of these
Opal saved money in the bank. From doing this, she earned _______.
Interest
Invest
What does it mean when you save money?
You buy a new outfit.
You put money away for later.
You invent a new good.
You give money to help animals.
_______________ resources are materials that come from nature.
Special
Natural
Human
Capital
______________ resources are people working to produce goods or provide services.
Capital
Human
Natural
Manufactured
________________ resources are the things that people use to make the goods or provide their services.
Natural
Capital
Company
Human
The good or service that you give up when you make an economic choice is called _____________________.
opportunity cost
economic choice
economic interdependence
economic specialization
The term used when there is not enough of something to go around is __________________.
scarcity
economic choices
resources
opportunity cost
