Resources
Which of these is a natural resource?
A. factory
B. flowers
C. firefighter
B. Flowers
When you buy a ticket for the movies, are you a producer or a consumer?
A. Producer
B. Consumer
B. Consumer
A dentist provides a _____________.
A. Good
B. Service
B. Service
Ana mows the lawn for Mr. Smith. Mr. Smith gives Ana $20.00 for the service. Is this an example of exchanging money or bartering?
A. Bartering
B. Money exchange
B. Money exchange
What is scarcity?
A. Not being able to pay for something.
B. When there is not enough of something for everyone.
C. When you trade for what you want.
B. When there is not enough of something for everyone.
Which of these is a capital resource?
A. computer
B. Teacher
C. soil (dirt)
A. Computer
What do producers do?
A. Make the goods or services
B. Buy the goods or services
A. Make the goods or services.
My mom goes to the bakery to pick up my birthday cake. Is the bakery providing a good or a service?
A. Good
B. Service
A. Good
Harvey loves Key Lime Pie. His neighbor made a key lime pie for Harvey for helping her trim one of the trees in her yard. Was this a barter or a money exchange?
A. Barter
B. Money Exchange
A. Barter
Kayla is having a birthday party. There will be 10 guests. She buys a 12 pack of paper plates and cups. Is there a scarcity?
A. Yes, there is a scarcity
B. No, there is not a scarcity.
B. No, there is not a scarcity.
A resource that comes from nature is called a ____.
A. Capital Resource
B. Human Resource
C. Natural Resource
C. Natural Resource
What is a synonym for consumer?
A. Boss
B. maker
C. Customer
C. Customer
My sister sells Girl Scout cookies outside of Kroger on Saturday morning. Is she selling a good or a service?
A. Good
B. Service
A. Good
What is a synonym for bartering?
Trading or something similar
Mark brings 20 cookies to school to share with his class. His class has 24 students. Is there a scarcity of cookies?
A. Yes, there is a scarcity.
B. No, there is not a scarcity.
A. Yes, there is a scarcity.
The tools used to produce other goods and services.
A. Natural Resource
B. Capital Resource
C. Human Resource
B. Capital Resource
When you make cookies for a bake sale, are you a producer or a consumer?
A. Producer
B. Consumer
C. Both
A. Producer
Which of these is a service?
A. A barber shop
B. Target
C. McDonalds
A. Barber Shop
What would be a good thing to barter for a haircut?
A. A watermelon
B. A car
C. A carwash
C. a carwash
The playground has 8 swings. A class comes outside, and 5 kids want to swing. Is there a scarcity?
A. Yes
B. No
B. No
Mary has a lemonade stand. Name a:
1. Natural resource she might use.
2. A capital resource she might use.
3. Who is the human resource?
Answers will vary:
1. lemons, water, sugar
2. cups, pitcher, spoon, sign, table
3. YOU!
A farmer grows apples and sells them. A family buys the apples to eat.
The farmer is the ________.
The family is the ________.
The farmer is the producer and the family is the consumer.
Which of these businesses provide both a good and a service?
A. Toy Store
B. Restaurant
C. Flower shop
B. Restaurant
What is one benefit to bartering?
Answers will vary.
no money
uses things you have
April has 5 markers. Andre has 10 markers. They want to share their markers with their class of 25. Will there be a scarcity?
A. Yes
B. No
A. Yes