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WorksheetsPersonal Finances & Economics
Total questions: 18
Worksheet time: 13mins
What are some examples of Human Resources?
Oil, water, plants
chef, teacher, construction worker
Machines, tools, buildings
Producers, consumers, taxes
Which one lists examples of Natural Resources?
What are examples of natural resources?
water
trees
soil
all of the above
How are capital resources used?
they are used to create another good or service.
they are not used by everyone
they take too much work
they are only used for capital cities
Which of the following correctly describes an entrepreneur?
Ashley babysits her little brother while her parents go to the movies.
Miley mows the lawn every weekend because it is one of her chores.
Daisy gets a job at the mall so she can earn money for a new skateboard.
Kiara starts a car-washing business and hires her closest friends.
Sophia loaded her truck with vegetables from her garden to sell at a local market. Which of the following BEST describes Jenny's truck?
land resource
capital resource
natural resource
human resource
Which answer choice best completes the boxes.
Vanessa makes bows, Gianna buys them.
Citlaly saves her money, Rosmery spends her money.
Joel buys furniture, Javier makes the furniture
David earns an allowance, Juan works for an income
Georgia grows cotton, but California does not. California grows a lot of watermelon, but Georgia does not. Which of the following describes an example of voluntary exchange?
the two states consume each other's resources
the two states trade natural resources with each other
the two states donate their resources to each other
the two states tax the resources to make more money
Why do countries create currency?
so people can become rich and wealthy
so people can trade labor for goods and services
so people can pay taxes to the government
so people can buy goods and services
Charlie needs to study for his social studies. However, Alexander, Steven, and Emanuel texted him to meet at the pool. If Charlie goes with his friends, which of the following is an opportunity cost?
Charlie's friends won't go with him
Charlie's friends will get mad if he doesn't come
Charlie's score on his test
Charlie will do well on the test
Elizabeth has been saving up for a new bike. She has enough money to buy it, but her old bike still works just fine. What is Elizabeth's opportunity cost if she decides to go ahead and buy the new bike?
Elizabeth will have a new bike
Elizabeth will have two bikes
Elizabeth will have more money than she did before buying her new bike
Elizabeth will have a smaller savings
