Resources Goods and Services Buying, Selling, Trading Spending vs. Saving True or False 100 100 100 100 100 200 200 200 200 200 300 300 300 300 300 400 400 400 400 400 500 500 500 500 500

Which is an example of a human resource? a plastic toy A peach tree A diamond A factory worker.

d.

Which of these is a capital resource? Oil A machine that pumps oil A person who sells oil An oil business owner.

c. A machine that pumps oil.

Which of these is an example of a natural resource. A Which of these is an example of a natural resource? A. a table made from wood. B. gold dug out of the ground C. a silver necklace D. an apple pie.

B.

Which is a nonrenewable resource. A. Trees B. Water C. Fossil Fuels D Which is a nonrenewable resource? A. Trees B. Water C. Fossil Fuels D.Wheat

C. Fossil fuels

Which of the following is a renewable resource. A. Oil B Which of the following is a renewable resource? A. Oil B. Fossil Fuels C. Timber

C. Timber

_________________ are things that people make or use to survive. Goods Services Needs Entrepreneurs

A. Goods

________________ are jobs that people do for others in order to make money. Goods Services Wants Entrepreneurs

B. Services

Needs and wants are important to each and every human Needs and wants are important to each and every human. Which of these is an example of a need? A. a chocolate cake B. A glass of water. C. A CD player. .

B. Water

_______________ are people who organize resources to make goods and services. They might start a business or create an invention to provide something for the buyers. A. Goods B. Services C. Entrepreneurs D. Businesses

C. Entrepreneurs

Which of the following is a service that is provided by the government? Public schools Movie theaters Restaurants Grocery stores

A. Public Schools

Whenever a shopper buys something in a store, there is always a little extra added to the price of the item. Which of these is a tax that is added to the cost of an item that you buy? Income tax Sales tax Property tax Service charge

B. Sales tax

Which of these is a tax that is paid on the price of a home or piece of land? Sales tax Income tax Property tax Service charge

C. Property tax

When two or more people or businesses rely on each other for goods and services, it is called Producers Consumers Market Interdependence

D. Interdependence

Which product might Georgia be a lead producer of? Grapes Bananas Peaches Cantaloupes

C. Peaches

There are many of the items on store shelves. Supply and demand help determine how much a product costs and how easy it is to obtain. What might cause the price of an object to become very high? There are many of the items on store shelves. There are very few of the items on store shelves. The manufacture decided to raise the price.

B. A limited supply of an item would lead to a higher cost.

In which of these places can people earn interest when saving money? Under the bed In a piggy bank In a bank

C. In a bank.

. What is a deposit? Money taken out of the bank. Money put into the bank. Money spent at a store. The total amount in the bank. .

B. Money put in the bank.

What is the name for a plan that is written out by a person seeking to save money? Income Budget Banker Spending

Budget

Why is it a risk for an entrepreneur to start a business? The business might make too much money. The business might not make enough money. The entrepreneur might stop voting. The entrepreneur might get arrested.

B. The business might not make enough money.

How many times did Franklin take money out of his bank account? Look at Franklin’s savings account record below to answer the question. Date Deposit Withdrawal Balance March 6 45.00 March 19 -15.00 30.00 March 21 38.00 68.00 March 30 -18.00 50.00 How many times did Franklin take money out of his bank account? 4 6 2 9

2

True or False? A natural resource is something that comes from the earth that people can use..

True.

True or False? A sewing machine is an example of a human resource.

False

True or False? Tax money helps to pay for services such as police, fire, and garbage services.

True

Taxes are free money that people get just for being U.S. citizens. True or False? Taxes are free money that people get just for being U.S. citizens.

False .

True or False? When two or more people depend on each other for goods or services, it is called interdependence.

True