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WorksheetsEconomics Review
Total questions: 25
Worksheet time: 14mins
People who produce goods and services.
producer
consumer
market
Resources that come from nature: water, soil, trees, coal, etc.
natural resources
scarcity
market
Someone who buys or uses goods and services.
producer
services
consumer
Products that can be bought and sold.
producer
goods
services
Work that is done by others.
services
consumer
economics
Pick the producer.
What are productive resources?
a resource that is productive
the time, talent, and skills of a person who helps produce goods and services
resources used to make goods and services
How much of a good or service is available
consumer
supply
money
A good that is used to produce many other goods and services
capital resource
human resource
natural resource
a resource from nature that can be used to produce goods and services or to meet people's needs
capital resource
human resource
natural resource
the time, talents, and skills of a person who helps produce goods and services
capital resource
human resource
natural resource
Objects that can satisfy people's needs and wants
goods
services
producers
How willing people are to buy goods or services is called...
scarcity
resource
demand
good
What is an example of a good?
a haircut
a toy
lawn mowed
wall painted
When there is a low supply of goods/services, then prices will go up.
True
False
When there is a high demand for a good/service, then prices will go up.
True
False
A teacher is a human resource.
True
False
An example of a natural resource is...
police officer
fire truck
water
pencil
What is an entrepreneur?
Someone who is employed
Someone who doesn't work
Someone who has set up their own business
Someone who works from home
At what age can you become an entrepreneur?
20
18
50+
any age
What entrepreneur qualities does one need to be successful?
Determination
Team-working skills
Self-discipline
All of the above
