economics
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| goods | things people make or use to satisfy needs and wants
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| service | activities that satisfy people's needs and wants
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| consumer | a person who uses or buys a good or service
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| producer | a person who uses resources to make a good and/or provide a service
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| scarcity | not being able to meet all wants at the same time because resources are limited
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| economic choice | the choice you have to make because you can't buy everything
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| opportunity cost | the next best choice that is given up when a decision is made
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| natural resources | materials that come from nature. ex coal, water, soil, wood
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| human resources | people working to provide a good or service ex.teacher, doctor, farmer
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| capital resources | goods made by people and used to produce other goods and services ex. hammer, factory, computers
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| specialization | happens when people focus on producing one good or service
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| specialization encourages _____________. | trade because people wants things they do not have.
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
cparks3
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