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Economics

Total questions: 17

Worksheet time: 9mins

Name
Class
Date
1.

____________ is a consumers want for a service or a good

a)

supply

b)

taxes

c)

demand

d)

goods

2.

_______ is the amount of something available to consumers

a)

demand

b)

supply

c)

taxes

d)

service

3.

_____________Is a fee paid to the government

a)

goods

b)

services

c)

taxes

d)

supply

4.

___________is someone who does something for someone else

a)

Goods

b)

Wants

c)

Needs

d)

Services

5.

_____________are things that are made or grown

a)

Services

b)

Goods

c)

Needs

d)

Supply

6.

_________is something people would like to have

a)

Wants

b)

Needs

c)

Goods

d)

Services

7.

_________________is something people MUST have to live

a)

Wants

b)

needs

c)

goods

d)

services

8.

____________is something you gave up when making a choice

a)

Taxes

b)

scarcity

c)

opportunity cost

d)

specialize

9.

_____________is someone who uses goods and services

a)

Wants

b)

needs

c)

consumer

d)

producer

10.

______is someone who makes a good or provides a service

a)

Consumer

b)

producer

c)

goods

d)

services

11.

___________is when the supply is less than the demand. Not enough

a)

Specialize

b)

opportunity cost

c)

needs

d)

Scarcity

12.

________ when a person focuses on 1 specific skill or service

a)

Specialize

b)

interdependence

c)

producer

d)

consumer

13.

______Depending on one another for resources or products

a)

scarcity

b)

producer

c)

consumer

d)

interdependence

14.

Human, capital or natural resource?

a)

Human

b)

Capital

c)

Natural

15.

Human, Capital or natural?

a)

Human

b)

Captial

c)

Natural

16.

Which resource?

a)

Human

b)

Capital

c)

Natural

17.

Which resource?

a)

Human

b)

Capital

c)

Natural