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Economics Quiz

The best thing you give up to get something.
Good
Opportunity Cost
Capital Resources
Resources
Something people want that you can hold or touch.
Resources
Service
Good
Human Resources
Goods that are used to make other goods or to provide services.
Capital Resources
Human Resources
Limited Resources
Opportunity Cost
Things we use to satisfy our wants.
Resources
Goods
Choices
Natural Resources
Resources found in people; such as their ideas and skills.
Producer
Human Resources
Economic Problem
Natural Resources
The many things nature provides that we use to satisfy our wants.
Human Resources
Choices
Capital Resources
Natural Resources
This happens when people have to make choices because of scarcity.
Economic Problem
Limited Resources
Production
Scarcity
Something people do for other people.
Production
Service
Choices
Income
When there are not enough resources to satisfy all of our wants, it is called:
Opportunity Cost
Scarcity
Limited Resources
Choices
Decisions you have to make because you cannot have everything you want.
Income
Choices
Resources
Economic Problem
A person who uses a good or service.
Consumer
Producer
Production
Income
This happens when there is not enough of something you want.
Economic Problem
You die
Limited Resources
Scarcity
The money you earn is called:
Cash Money
Goods
Income
Capital Resources
A person who makes a good or provides a service.
Consumer
Producer
Trees
Production
When you put your resources together to make goods or provide services, this is called:
Collaboration
Producer
Consumer
Production
 
 
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