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WorksheetsEconomy
Total questions: 14
Worksheet time: 14mins
A dentist is an example of a
human resource
natural resource
capital resource
political resource
A warehouse is a
human resource
natural resource
capital resource
school resource
This picture shows potatoes. This is an example of what type of resource?
human resource
natural resource
capital resource
government resource
Natural resources are things people use that come from the Earth and are found in nature. Identify 2 examples of natural resources.
toys and games
coal and video games
wood and money
water and plants
Nathan's grandma gave him $1.00 to buy bubble gum OR a candy bar. He decided to buy the bubble gum. What is his opportunity cost?
bubble gum
candy bar
$1.00
Grandma
What might happen to the price of bananas?
The price might go up.
The price might go down.
The price will stay the same.
The bananas and apples will cost the same.
What happens to the price of a product when the supply of the product goes down?
Price goes up when the supply goes down.
Price stays the same no matter how much is available.
Price goes down when the supply goes down.
None of the above
The pictures shows clothes, water, shelter, and food. What do these items represent?
wants
needs
birthday gifts
toys
Growing or producing something in the USA and sending it to China is an example of
division of labor
importing
exporting
sharing and caring
This cell phone is an example of a
thing that your dog uses
want
need
natural resource
Identify the picture that shows a NEED in the local comunity.
playground
fast food restaurant
swimming pool
snow plow for roads
A person is working at toy store. A worker is putting dolls on a shelf. Another worker is collecting carts. When the customer finished paying for the toys, a third worker put them in a bag. This is an example of
opportunity cost
division of labor
supply and demand
getting what you want
A person buys a blanket at Target. What vocabulary word best describes the person's role?
consumer
student
producer
manufacturer
A cost of working many hours is that there is less time to spend with friends. What is a benefit?
More time to play basketball
More money to spend
Less time to do homework
Less money to pay for vacation
