WorksheetsSocial Studies - Economics Review
Total questions: 24
Worksheet time: 20mins
Items you can see, like pencils or cars...
import
export
services
goods
_________ are work that people do, such as fixing a car or cutting your hair.
export
services
producer
export
A consumer is a user of goods and services.
True
False
Things made near where they are sold is called (a)
Makers of goods
exporter
importers
producers
purchasers
To bring in goods from another country
(a)
To send goods to another country
(a)
To depend on or to trust
(a)
To buy means to (a)
Human resources are...
people who have had enough
exports of goods
people's talents and skills
Capital resources are...
human-made items used to make other goods or provide services
found in States
money
Examples of a capital resources are...
hairdryer
Tools and buildings
a dish
Another word for enough is...
(a)
The price needed to get something else is
(a)
What you give up to have something else is called...
sufficiency
benefit
opportunity cost
options
Another word for a useful result is
(a)
Something you must have to live is a
car
need
want
TV
Something you would like to have but do not need is a...
want
important
need
Examples of how your town is different from the early American settlers
Example of a Need..check all that apply
food
clothing
Roblox
shelter
Examples of Wants...check all that apply
a bed with a roof over my head
TV
hoverboard
tickets to a soccer game
It is necessary to make economic decisions because
I want to get everything i want
I need to have an ipad to play roblox
there is a not enough money or resources to do everything.
Reasons why producers build businesses near resources. Check all that apply
to save money on shipping
it was easier to trade with people nearby them
because they were lazy
because they felt like it
Reasons to buy local goods... check all that apply.
since goods aren't shipped they cost less
food produced closer is fresher
to support small businesses in the community
it is like returning to an earlier time
