Grade 9 Economics

Front

"Scarcity"

Back

Having too few or too little of resources

Front

Which choice best describes the economic problem of scarcity in the world?

Back

People have unlimited wants but there is a limited amount of resources

Front

These productive resources are raw materials that come from nature or the earth that people use to make goods.

Back

Natural Resources

Front

Examples of goods: Apples, Computers, Clothing, Firemen, Police Officers, Soldiers, Health, Love, Friendship

Back

Apples, Computers, Clothing

Front

Examples of services: Apples, Computers, Clothing; Firemen, Police Officers, Soldiers; Health, Love, Friendship

Back

Firemen, Police Officers, Soldiers

Front

Which of the following is not one of the three basic questions economists try to solve?

What should be produced?

,

How should it be produced?

,

Who gets what is produced?

,

When should it be produced?

Back

When should it be produced?

Front

Which two countries would likely trade with each other?

Back

Two countries that each specialize in producing different goods.

Front

A person who buys goods and services

Back

consumer

Front

How much people want something

Back

demand

Front

How much of something is available

Back

supply