Economics

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

• scarcity

• economic choices

• resources

• opportunity cost

What type of resources are these?

• capital

• natural

• nautical

• human

These are examples of ________________ resources.

• capital

• natural

• scarce

• human

This picture shows examples of _________________ resources.

• natural

• capital

• human

• consumer

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

• opportunity cost

• economic choice

• economic interdependence

• economic specialization

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

• Natural

• Capital

• Company

• Human

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

• Capital

• Human

• Natural

• Manufactured

_______________ resources are materials that come from nature.

• Special

• Natural

• Human

• Capital

________________ are activities that satisfy people’s needs and wants.

• Goods

• Services

• Needs

• Wants

________________ are activities that satisfy people’s needs and wants.

• Goods

• Services

• Needs

• Wants