JA Biztown Community & Economy

Front

Which of the following is not a type of resource used to produce a good or service? natural resource, capital resource, library resource, human resource

Back

library resource

Front

Scarcity is a situation in which people cannot have everything they want because

Back

of limited resources

Front

A cashier working at a lemonade stand is an example of what type of resource?

Back

human

Front

A barber shop or hair salon that does haircuts is an example of a business that provides a ____________.

Back

service

Front

If there are 5 students and 4 chairs, this is an example of what economic situation?

Back

scarcity

Front

A spoon to mix lemonade is what type of resource for a lemonade stand business?

Back

capital

Front

People who buy and use goods and services.

Back

consumers

Front

A person who uses resources to start a business.

Back

entrepreneur

Front

True or False: Taxes are payments that citizens can make if they want to the government, they're optional.

Back

False

Front

Lemons that are needed for a lemonade stand are an example of what type of resource?

Back

natural