WorksheetsBizTown Quiz #1 Review
Total questions: 9
Worksheet time: 9mins
Which is not true of public goods and services?
Shared by everyone - sometimes at the same time
Only given to the needy
No one is prevented from using them
Are paid for by taxes
Who pays for public goods and services?
Philanthropists
Only people who use them
Taxpayers
Government
The merchandise, skills, and knowledge offered for sale by businesses or citizens are called...
Taxes and bills
Services and taxes
Goods and services
Trade and Goods
Devin has five cookies and seven friends. Which vocabulary word would describe his situation?
Unfortunate
Surplus
Resources
Scarcity
Due to scarcity, people cannot have all of the things they want. Is this statement true or false?
True
False
Sometimes true
Not applicable
Anyone can be an entrepreneur.
True
False
Only adults
Only professionals
Resources are the goods people buy from a business.
True
False
Only in certain industries
Only physical goods
The person with the idea to create a new product and start a business is known as the ______
(a)Match the following
A company that sells goods or services.
Business
A person who uses resources to start a business.
Entrepreneur
The labor, skills, and abilities of workers used in production.
Human resources
Things made by people and used to produce goods or offer services.
Capital resources
The people and things needed to produce goods and services.
Resources
