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ClassTools Premium membership gives access to all templates, no advertisements, personal branding and many other benefits!
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| Question | Answer |
| Find the term that matches with the definition: Anyone who makes or grows a good, or produces a service | producer |
| Find the term that matches with the definition: products that people want and need such as shoes and toys | goods |
| Find the term that matches with the definition:anyone who buys a good or service | consumer |
| Find the term that matches with the definition: the study of making, buying, or selling of goods or services | economics |
| Find the term that matches with the definition:activities that provide what people want and need such as police | services |
| Find the term that matches with the definition:when there are not enough resources for all the people that want them | scarcity |
| Find the term that matches with the definition: a person who takes risk and starts a new business | entrepreneur |
| Find the term that matches with the definition: the thing that you are giving up when you make an economic choice | opportunity cost |
| Find the term that matches with the definition: the amount producers will make | supply |
| Find the term that matches with the definition: the amount consumers are willing to buy at a given price | demand |
| Find the term that matches with the definition: money the government collects from people to pay for public goods and services | taxes |
| What are 5 goods or services that taxes pay for? | military, education, roads/highways, road signals and signs, police, fire department |
| Find the term that matches with the definition: money | currency |
| Find the term that matches with the definition:people have basic needs such as water, air, food shelter, and sleep | needs |
| Find the term that matches with the definition: people want things that make their life more enjoyable | wants |
| Find the term that matches with the definition: swapping one good for another | trade |
| List 3 examples of capital resources | tools, supplies, rope, laptop, |
| List 3 examples of human resources | military, teacher, fireman, spy, mechanic |
| List 3 examples of natural resources | trees, sun, water |
| What is interdependence and name an example of a producer and consumer that show interdependence. |