The Mr. Reiter hockey stick company focuses on making only one product. What is this called?
Specialization
100
Mali used human and capital resources to mine for salt and ?
Gold
100
If you get something by trading and not using money, this is called -
Barter
100
Which of the following are examples of capital resources? Chef, Hammer, Factory, Coal, River, Teacher
Hammer & Factory
100
Besides farmers and traders, what is an example of a human resource used to produce goods in ancient Greece?
Ship Builders
200
What are things that people make or use to satisfy needs and wants?
Goods
200
Fishermen, Cooks, Farmers, Miners: This list shows examples of what kind of resource?
Human Resources
200
Ms. Yasay goes to the store with $10. She wants to buy a marker board and a math kit, but she does not have enough money to get both. Ms. Yasay buys the math kit. What is her economic choice?
Math Kit
200
Mr. Reiter walks into a store and sees a hockey stick, a giant candy bar, and a stuffed animal gorilla he wants to buy. He chooses to buy the stuffed animal gorilla. What are his opportunity costs?
Hockey stick & giant candy bar.
200
Salt and gold are natural resources found in ancient -
Mali
300
What are activities that satisfy people's needs and wants?
Services
300
Which of the following capital resources would likely NOT be found in a business that specializes in ice cream: cones, freezer, leash, napkins
Leash
300
Ms. Goller has some money to spend. She had a choice between Steelers tickets or Redskins tickets. She decides to buy the Steelers tickets. This is an example of -
Economic Choice
300
Everett crawls into a toy store and sees a truck, blocks, and a scooter he wants to buy. He decides to buy the truck. What are his opportunity costs?
Blocks & Scooter
300
Pottery found in Ancient Greece and Rome is what kind of resource?
Capital Resource
400
The next best choice that is given up when a decision is made is called -
Opportunity Cost
400
Coal is what kind of resource?
Natural Resource
400
Mr. Reiter gave Everett $5.00 to spend. Everett used the money to buy a book. He read the book the next day. Who is the consumer of the book?
Everett
400
Name all the natural resources in the following list: apple, tree, candy bar, chair, desk, grass, fireman, water.
Apple, Tree, Grass, Water
400
What was the name of the large natural resource that was located next to ancient Greece and Rome that people traded on?
Mediterranean Sea
500
Someone who MAKES something is called a ?
Producer
500
A factory building is what kind of resource?
Capital Resource
500
If you go to a store where everything is $1.00 and you bring $4.50 with you, how many things can you buy?
4
500
Name all the human resources in the following list: ball, teacher, baker, frying pan, fire truck, fire fighter, tutor, computer, air, fire, truck driver, car, table, chef, tacos.
Teacher, Baker, Fire Fighter, Tutor, Truck Driver, Chef
500
People in Mali specialized in trading salt because it could be mined where?