Economics Review

Which is an example of a good?

• Cats

• Pencils

• Going on vacation

• Getting your hairs cut

A producer is someone who...

• buys things.

• destroys things.

• makes things.

• sells things.

I went to the store and bought cookies. This is an example of...

• opportunity cost.

• economic choice.

• a service.

• a lie.

Which of the following is a natural resource.

• Shoes

• A Desk

• A Water Bottle

• Water

Mr. Nicolas used a ruler to help him measure something. The ruler is an example of...

• a service.

• a capital resource.

• a human resource.

• a whipping stick.

Billy decided to give his stuck of gum for a piece of candy. This is an example of...

• a trade.

• a barter.

• a scam.

• Candy Crush.

True or False?

When you trade with people you can use money?

• true

• false

A group of hunters go outside to hunt for food. The hunters are an example of...

• a natural resource.

• a human resource.

• a captial resource.

• thugs.

Choose ALL examples of a service.

• Getting a haircut.

• Toys

• Buying Food.

• Making food for others.

Jack goes to the aquarium and buys a shark plushie. Jack is an example of...

• a theif.

• a producer.

• a consumer.

• a service.