WorksheetsBiztown Lesson 1
Total questions: 9
Worksheet time: 5mins
What does the Circular Flow show?
The economic interactions between people and businesses
The cycle of water from the ocean to the sky
The process of making goods and services
The movement of planets around the sun
Which of the following is NOT a basic type of resource?
Money
Natural
Human
Capital
What does 'scarcity' mean?
The ability to buy all the goods and services one wants
Not being able to have all the goods and services desired
Having more resources than needed
A type of resource
In a free enterprise system, who makes the economic decisions?
People and places in the marketplace
The government
A single company
Robots
Which of the following is an example of a 'Natural' resource?
Factories
Mental efforts of workers
Tools
Water
Which of these are a type of NATURAL resource for a lemondate stand?
water
people
cups
Which of these are a type of CAPITAL resource for a lemondate stand?
water
people
cups
Which of these are a type of HUMAN resource for a lemondate stand?
water
people
cups
Match the following
entrepreneur
a person who starts a business
citzen
members of a town, city, country etc
goods
things people buy and use
community
a place where people live, word, trade
business
a company that sells goods or services
