Understanding Resources and Economic Decisions

Open Ended

Why is it important to understand the difference between resources and economic decisions in our daily lives?

Multiple Choice

Which of the following is an example of a service?

• A haircut

• A book

• A toy

• A vegetable

Multiple Select

Which of the following are types of productive resources?

• Natural resources

• Capital resources

• Human resources

• Financial resources

Fill in the Blank

The things we must have to live, such as food and water, are called ___.