WorksheetsEconomics
Total questions: 15
Worksheet time: 8mins
Name
Class
Date
1.
Choose the 4 of the types of productive resources.
a)
human
b)
capital
c)
mechanical
d)
natural
e)
entrepreneurship
2.
Look at the picture below. What is one CAPITAL resource?
a)
flowers
b)
man
c)
lawnmower
d)
apple tree
3.
Look at the picture. What is one NATURAL resource?
a)
lawnmower
b)
overalls
c)
grass
d)
man
4.
Look at the picture below. What is one HUMAN resource?
a)
onions
b)
shrimp
c)
chef
d)
pan
5.
Which of the following people is showing entrepreneurship?
a)
a student in school
b)
a waitress in a restaurant
c)
a cashier at a grocery store
d)
the owner of a local barber shop
6.
Which of the following is NOT a good?
a)
table
b)
teacher
c)
telephone
d)
tire
7.
Read each of the following sentences. Which person is providing a service for someone else?
a)
Person 1
b)
Person 2
c)
Person 3
8.
The Ford Motor Company builds cars for the American people. The company would be considered a ______________.
a)
consumer
b)
capital resource
c)
producer
d)
magician
9.
Which of these shows Reena providing a government service?
a)
Works in a bank as a drive thru bank teller
b)
Works in a supermarket as a check-out clerk
c)
Works in a store as an assistant manager
d)
Works in a public school teaching 3rd graders
10.
True or False: We only get our goods from the United States.
a)
True
b)
False
11.
What is the relationship between producers and consumers (interdependence)?
a)
Producers make goods and always give them away for free.
b)
Consumers sell to producers.
c)
Producers sell goods and services, and consumers pay for it to meet their needs and wants.
d)
Consumers are always happy.
12.
Every time you buy something from the store you also pay tax. Which of the following services do your taxes pay for? (Choose all that apply.)
a)
fixing roads
b)
schools
c)
hair salons
d)
fire departments
13.
Samantha cannot decide between buying a new stuffed toy or a pop-it. If she chooses to buy the stuffed toy then...
a)
she will be able to buy both toys.
b)
she will not get any of the toys.
c)
she gives up the opportunity to buy the pop-it.
d)
she gives up the opportunity to buy the stuffed toy.
14.
How do we pay for goods and services in the United States?
a)
dollars and cents
b)
euros
c)
pounds
d)
yens
15.
All countries use dollars and cents as their form of currency.
a)
True
b)
False
100 %
