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Economics- Second Grade

Total questions: 13

Worksheet time: 7mins

Name
Class
Date
1.

What are natural resources?

a)

materials that come directly from nature

b)

people working to produce goods and services

c)

Goods made by people and used to produce other goods and services

2.

What are human resources?

a)

Materials that come directly from nature

b)

People working to produce goods and services

c)

Goods made by people and used to produce other goods and services

3.

What are capital resources?

a)

Materials that come directly from nature

b)

People working to produce goods and services

c)

Goods made by people and used to produce other goods and services

4.

Which is a natural resource?

a)

carpet

b)

hammer

c)

barber

d)

wood

5.

Which is a human resource?

a)

soil

b)

doctor

c)

bannana

d)

vending machine

6.

Which is a capital resource?

a)

ice

b)

teacher

c)

computer

d)

tacos

7.

What is a synonym for the word barter?

a)

discount

b)

money

c)

trade

d)

borrow

8.

Bills, coins, and checks used in exchange for goods or services

a)

Toys

b)

Money

c)

Fake

d)

History

9.

What is it called when all wants cannot be met due to lack of resources?

a)

frequency

b)

wishes

c)

scarcity

d)

barter

10.

A person who uses a good or service

a)

consumer

b)

producer

11.

A person who uses resources to make goods and/or provide services

a)

consumer

b)

producer

12.

Why must we make an economic choice?

a)

there is enough products for everyone

b)

so we can spend all of our money

c)

Goods and services are scarce

d)

to gain power

13.

Which is not a type of currency we still use today?

a)

checks

b)

bills

c)

coins

d)

furs