Economics

Which of these is an example of a human resource?

• a river

• a forest

• a teacher

• a computer

Which type of productive resource is a tree?

• a capital good

• an entrepreneur

• a human resource

• a natural resource

Claire loaded her truck with vegetables from her garden to sell at a local market. Which of the following BEST describes Claire's truck?

• land resource

• capital resource

• natural resource

• human resource

On weekends, Josh pulls his lawnmower behind his bike and mows people's lawns for $20. Which of the following BEST describes Josh?

• Josh is a natural resource.

• Josh is a capital resource.

• Josh is an entrepreneur.

• Josh is a competitor.

Which of the following is provided by the government through taxes?

• police force

• barber shop

• grocery store

• clothing store

In the marketplace, who is a consumer?

• A person who works at a job.

• A person who provides a service.

• A person who gets a loan from a bank.

• A person who buys goods and services.

Use the graphic to answer the question. Which of the following BEST completes the graphic? Consumers pay taxes to producers. Consumers loan money to producers. Consumers make goods for producers. Consumers buy the goods of producers.

• Consumers pay taxes to producers.

• Consumers loan money to producers.

• Consumers make goods for producers.

• Consumers buy the goods of producers.

How were the baseball hat and the skateboard allocated?

• by price

• by lottery

• by the government

• by first come, first serve

Use the information to answer the question. Trish had a pen, but she wanted a pencil. Greg had a pencil, but wanted a pen. They voluntarily exchanged the pen and the pencil with each other. Who benefited from this exchange?

• Only Trish benefited

• Only Greg benefited

• Both Trish and Greg benefited

• Neither Trish nor Greg benefited

Why do local, state, and federal governments collect taxes?

• To take away citizens' rights

• To provide services to citizens

• To stop building schools and roads

• To make sure laws are being followed.