Quiz on Human Resources and Economics

Which of these is an example of a human resource?

• a river

• a forest

• a teacher

• a computer

What does the government do with taxes?

• take away citizens’ rights

• provide services to citizens

• stop building schools and roads

• keep citizens from having any fun

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 voluntary exchange?

• only Trish benefited

• only Greg benefited

• both Trish and Greg benefited

• neither Trish nor Greg benefited

Why is trade with other countries important?

• because it makes shopping harder

• because it gives customers more choices

• because it helps entrepreneurs take risks

• because it protects the environment from pollution

Why do people use money?

• so people can become wealthy

• so people can buy goods and services

• so people can barter for the goods they want

• so people can buy taxes from the government

Use the information to answer the question. Jewel wants to buy a skateboard and a bicycle. She only has enough money for one. Jewel buys the skateboard. What is Jewel’s opportunity cost?

• the bicycle

• the skateboard

• the money she spent

• the lunch she bought at the mall

Which of these is a natural resource?

• Water from a river

• Plastic from a factory

• Teacher from a school

• Computer from a store

Jennifer works for the Coca Cola company as a truck driver. What type of resource is Jennifer?

• a capital resource

• a human resource

• a natural resource

• an entrepreneurial resource

What do human resources provide to businesses?

• land

• labor

• capital

• Income

Who would a business consider a human resource?

• someone who returns a product to the business

• someone who buys the business's products

• someone who visits the business's store

• someone who works for the business