Economics Review

Front

A __________ is someone who pays for a good or service.

Back

consumer

Front

A __________ is someone who creates a good or service for others to buy or use.

Back

producer

Front

When you recycle paper, which natural resource are you helping to conserve?

Back

trees

Front

Land, fuel, water, and minerals are this kind of resource:

Back

natural resources

Front

Doctors, nurses, lawyers, and plumbers are this kind of resource:

Back

human resources

Front

Tools, machines, and buildings are this kind of resource:

Back

capital resources

Front

Money a business earns after it pays for supplies, tools, salaries, and other costs is called a __________.

Back

profit

Front

Sue wants a pepperoni pizza at lunch, and there isn't a lot left. The supply is __________.

Back

low

Front

A plan for using money is __________

Back

a budget

Front

If you buy strawberries in February, the cost will probably:

Back

be higher than during strawberry season