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WorksheetsWhat is Economics?
Total questions: 11
Worksheet time: 6mins
The study of ow people figure out ways to ge things they need and want by making choices.
Need
Economics
Service
Business
Something a person cannot live without
Land
Food
Need
Want
Scarcity
Having a limited number of an item
Being afraid
Action
Physical items
Actions one person does for another person
Favor
Resource
Service
Capital
What is land?
A place to farm
All the natural resources used to make goods
A necessary resourec
Third factor of production
What are the factors of production?
Land, Labor and farming
Land, Labor, Capital and Entrepreneurs
Logging, Production, Service and Farming
What is an example of Capital?
Money
Tools
Factories
all of the above
Give an example of labor?
Assembly Line
Doctor
Clark's Donut
Money
Define entrepreneur.
Business Owner
Banker
Worker
Physical Item
This an example of a physical item.
talking
dream
prayer
car
All the people who work for money.
Labor
Factor of Production
Labor Force
Job
