Economics

______________________ are resources found in nature to make a good.

• Capital Resource

• Human Resource

• Natural Resource

_______________ are people working to make goods or provide a service.

• Capital Resource

• Human Resource

• Natural Resource

_____________ are goods made by people and used to produce more goods and services.

• Capital Resource

• Human Resource

• Natural Resource

Work that someone does for somebody is called _________.

• Good

• Service

_________________________ is the choice that is made when given multiple options.

• Resource

• Economic Choice

• Opportunity Cost

I can either buy new shoes or a new bookbag. I chose to buy the new shoes. The shoes are my ________.

• Economic Choice

• Opportunity Cost

I can either buy new shoes or a new bookbag. I chose to buy the new shoes. The bookbag is my ________.

• Economic Choice

• Opportunity Cost

Which of the following are Natural Resources?

• Soil

• Water

• Air

• Wood

• Cars

Which of the following are Capital Resources?

• Computers

• Tools

• Trees

• Gas

Farmers, Construction Workers and Doctors are examples of _________.

• Natural Resources

• Human Resources

• Capital Resources