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WorksheetsEconomics CW1
Total questions: 15
Worksheet time: 8mins
Suzie babysits the neighborhood kids on the weekends for a profit. What would you call Suzie?
natural resource
capital resource
entrepreneur
competitor
Sandra buys goods and services at the marketplace. What is Sandra?
consumer
producer
human resource
entrepreneur
Which of the following is an example of a human resource?
someone who buys goods and services from a business
someone who works for a business
someone who likes a business
someone who tells other people to shop at a business
Which of the following is NOT an entrepreneur?
John opens his own lemonade stand on a hot summer day.
Taylor makes rainbow loom bracelets and sells them at school.
Evella helps her mom each Saturday by watching her little sister.
Cole starts his own lawn mowing business.
Diane decides to open up a store that only sells masks. Why did she probably take this risk?
There is a high demand for masks where she lives.
There is a high supply of masks where she lives.
There are masks in the landfill.
She wants people to enjoy masks.
Which of these is an example of a human resource?
desk
janitor
computer
river
Why is the risk of entrepreneurship worth it to entrepreneurs?
They want to pay taxes.
They want to make a profit.
They want to learn more about a skill.
They want to win an election.
Which is an example of a natural resource?
strawberries
hammers
books
chef
Which of the following are MOST important to a marketplace?
goods and services
stores and factories
employees and employers
consumers and producers
What is a marketplace?
a place for people to relax and enjoy the pool
the place where people buy and sell goods and services
a place for people to go camping
a place for children to play
What makes entrepreneurship risky?
They don't know if they will make a profit or lose their money.
They have to use lots of resources.
They know that they will be successful.
They have to find people to work for them.
If the demand is high and the supply is low, prices will also be low.
true
false
If the demand is low and the supply is high, prices will be low.
true
false
When a consumer buys an item from a producer, who benefits?
the consumer
the producer
both
the government
How do consumers help producers?
consumer make goods for producers
consumers buy goods from producers
consumers work for producers
consumers start business for producers
