WorksheetsMichigan Economics
Total questions: 13
Worksheet time: 7mins
Which of the following is a human resource?
A baby
Trees
Hammer and Nails
A cashier at the store
Which word means when there is not enough of a good or service for everyone?
Economics
Scarcity
Opportunity Cost
Unlucky
Which term means a choice that you give up when you choose something else?
Opportunity Cost
Manufacturing
Capital Resource
Economy
The study of how people use limited resources to make goods and services that people need and want is:
Manufacturing
Export
Renewable Energy
Economics
Workers who are used in the production of goods and services are:
Human Resources
Natural Resources
Capital Resources
Limited Resources
Goods that are used to produce other goods and services are:
Human Resources
Natural Resources
Capital Resources
Limited Resources
Something that is found in nature that can be used by people is:
Human Resources
Natural Resources
Limited Resources
Capital Resources
What is the process of making goods called?
Agriculture
Energy
Manufacturing
Economy
When people go on vacation to a specific area and spend money, we call this:
Tourism
Summer Vacation
Economics
Agriculture
What is an opportunity cost?
A tax
When a business gives you a discount
What you pay to enter a park
What you give up when you make a different choice
What does agriculture mean?
Learning about other cultures
Farming
Making Goods
Studying the economy
Choose all of the fossil fuels
Wind
Coal
Natural Gas
Sun
Oil
Choose all of the renewable energy sources
Coal
Sun
Oil
Water
Wind
