Economy Quiz

1. There are two types of jobs in an economy- providing a service, or providing a good. Which job is an example of providing a good?

• police officer
• cotton farmer
• delivery truck driver
• nurse

2. People go to a grocery store to buy food. They go to a tire store to buy tires. They go to a flower shop to buy flowers. A person who buys and uses a product is called a _____________.

• farmer
• manager
• consumer
• producer

3. There are two types of jobs in an economy- providing a service, or providing a good. Which job is an example of providing a service?

• police officer
• cotton farmer
• copper miner
• factory worker

4. Some people have jobs making cars. Farmers have jobs growing food. Some people have jobs where they provide a service: waitresses serve food, gardeners mow lawns, doctors help sick people. People who work to make goods or provide services are _________________.

• Natural resources
• Human resources
• Capital resources
• Organic resources

5. The exchange of goods and services without using money is called ....

• buying
• selling
• bartering

6. The United States has huge grasslands we can raise cattle on. A lot of the cattle is exported (sold to another country). Which country did we export the most cattle to in 2011?

• Russia
• Japan
• Argentina
• Turkey

7. A person who grows, makes, or sells products is called a _______________________________

• producer
• consumer
• doctor
• teacher

8. An economy is made up of many different things. Which of the following is NOT part of a country’s economy?

• landforms
• agriculture (farming)
• tourism
• factories

9. ____________ is the amount of a resource that is available. This store has a good ___________ of soda.

• Supply
• Demand
• Import
• Export

10. This shirt was made in China and brought to the United States to be sold. An _____________ is a raw material or a finished product that is brought into the United States from another country.

• Supply
• Demand
• Import
• Export