Economics Review

Who is a consumer?

• A person who uses resources to make things.

• Someone who eats too much.

• A person who uses goods and services.

• Someone who is a part of an American Indian group.

What would be the best title for this list?

• Natural Resources

• Human Resources

• Capital Resources

• Reasons for Scarcity

• 1

• 2

• 3

• 4

Which 3 types of money are used today in exchange for goods and services? pick 3

• coins

• furs

• salt

• paper bills

• checks/credit cards

Farmers, miners, builders, and painters are all examples of what type of resource?

• Human

• Capital

• Economic

• Natural

Are these people producers or consumers?

People who make ice cream

• Producers

• Consumers

Are these people producers or consumers?

People who eat ice cream.

• Producers

• Consumers

Coal is an example of a natural resource because it-

• is a material from nature

• is used to produce goods

• is used to produce services

• is made by people

• 1

• 2

• 3

• 4

A person who uses resources to make goods and services is called a-

• consumer

• producer

• barterer

• reporter