Economics Review

Front

_______________ resources are materials that come from nature.

Back

Natural

Front

______________ resources are people working to produce goods or provide services.

Back

Human

Front

________________ resources are the things that people use to make the goods or provide their services.

Back

Capital

Front

The good or service that you give up when you make an economic choice is called _____________________.

Back

opportunity cost

Front

Two or more people depending on each other for goods and services is called __________________________.

Back

interdependence

Front

The term used when there is not enough of something to go around is __________________.

Back

scarcity

Front

______________ are people who use natural resources, human resources, and capital resources to make goods or provide services.

Back

Producers

Front

Which of these examples shows entrepreneurship?
Options:
Opening up a lemonade stand,
Doing chores at home for an allowance,
Getting a job at a restaurant,
Volunteering at a homeless shelter

Back

Opening up a lemonade stand

Front

________________ are people who use services or buy goods.

Back

Consumers

Front

The money that people pay to the government in order to provide public goods and services

Back

Taxes