The exchange of goods and services without the use of money is called
What is
a) coins
b) barter
c) checks
d) paper bills
100
Bakers, teachers, and firemen are all examples of ?
What is
a) human resources
b) capital resources
c) natural resources
d) machine resources
100
What term describes money put away to keep or spend later?
What is
a) spending
b) credit
c) saving
d) debt
100
What are goods?
What is
a) jobs or activities for people to have fun
b) jobs or activities that help other people
c) activities for people to improve their health
d) products, or things, people make, grow, or use
100
When goods are scarce, MOST people will
What is
a) earn less money
b) stop working
c) buy everything they want
d) make economic choices
200
The term scarcity means
What is
a) a person who uses goods and services
b) natural resources
c) someone who makes goods or provides services
d) not being able to meet all wants at the same time
200
Water, coal, soil, and wood are all examples of
What is
a) capital resources
b) natural resources
c) service resources
d) human resources
200
Water
What is
Good or Service?
200
What are services?
What is
a) jobs or activities that help other people
b) activities for people to have fun at school
c) products, or things, people make, grow, or use
d) activities for people to improve their health
200
What do producers needs to make goods for consumers?
What is
a) natural, human, and capital resources
b) goods, services, and soil
c) only natural resources
d) food, water, and soil
300
What is a producer?
What is
a) person who buys or uses a good or service
b) an activity that satisfies a person's needs and wants
c) person who uses resources to make other goods or provide other services
d) a good that people use to satisfy needs or wants
300
Buildings, tools, and machines are all examples of
What is
a) food resources
b) capital resources
c) human resources
d) natural resources
300
A whole new wardrobe
What is
Good or Service?
300
What term describes the decision of selecting which goods or services to purchase?
What is
a) saving
b) economic choice
c) bartering
d) opportunity cost
300
Which term describes when ancient Greece and Rome both focused in building ships, growing crops, and making pottery?
What is
a) economic interdependence
b) economic specialization
c) bartering
d) scarcity
400
What is a consumer?
What is
a) a person who uses resources to make other goods or provide other services
b) a good that people use to satisfy a need or want
c) a person who buys and uses a good or service
d) an activity that satisfies a person's needs and wants
400
The term human resources refers to
What is
a) people at play
b) things from nature
c) people at work
d) tools being used
400
Shelter
What is
Good or Service
400
When a decision is made to buy something, the next best choice that is given up is called
What is
a) economic choice
b) monetary choice
c) opportunity cost
d) interdependence
400
What specialization or expertise does Virginia have today that ancient Greece had long ago?
What is
a) pottery making
b) salt mining
c) shipbuilding
d) coal mining
500
Capital resources are
What is
a) things found in nature
b) things that satisfy people's needs and wants
c) machines and tools used to make goods
d) the people who make goods
500
What are natural resources?
What is
a) machines and tools used to produce goods
b) people at work
c) doing good things for other people
d) things from nature that are used to produce goods
500
Teacher
What is
Good or Service
500
Which BEST shows an economic choice?
What is
a) a person in Rome selected figs instead of olive oil
b) a person in Rome traded for both figs and olive oil
c) a person in Rome couldn't trade for figs because they were scarce
d) a person in Rome decided not to trade for goods at all
500
Which term describes when the ancient Greeks and Romans traded their goods with Egypt and other nearby communities?
What is
a) economic specialization
b) economic interdependence
c) scarcity
d) agriculture