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Name: ___________________________________
Date: ___________________________________
Economics Test
- 1. economics
- 2. scarcity
- 3. goods
- 4. services
- 5. natural resources
- 6. capital resources
- 7. human resources
- a. materials or substances that occur in nature and can be used to produce a good or service
- b. people that do the work or labor to produce a good or service
- c. the study of producing, distributing, and consuming goods and services.
- d. when people have unlimited needs and wants but there are not enough resources to fulfill them.
- e. something that is MADE or GROWN. Items that we value or desire, they must be tangible (can be touched, tasted or held).
- f. money, tools, equipment used to produce a good or service
- g. work that someone does for someone else
Name: ___________________________________
Date: ___________________________________
Economics Test (Answer Key)
- c 1. economics
- d 2. scarcity
- e 3. goods
- g 4. services
- a 5. natural resources
- f 6. capital resources
- b 7. human resources
- a. materials or substances that occur in nature and can be used to produce a good or service
- b. people that do the work or labor to produce a good or service
- c. the study of producing, distributing, and consuming goods and services.
- d. when people have unlimited needs and wants but there are not enough resources to fulfill them.
- e. something that is MADE or GROWN. Items that we value or desire, they must be tangible (can be touched, tasted or held).
- f. money, tools, equipment used to produce a good or service
- g. work that someone does for someone else
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