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Econ and Me Review

Econ and Me Review. Click on the button to begin. People who buy and use goods and services to satisfy economic wants are called . Consumers. Producers. Grocers. Bakers. Home and barns in the Amish community are built by. Contractors. Blacksmiths. Women. Other Amish.

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Econ and Me Review

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  1. Econ and Me Review Click on the button to begin.

  2. People who buy and use goods and services to satisfy economic wants are called Consumers Producers Grocers Bakers

  3. Home and barns in the Amish community are built by Contractors Blacksmiths Women Other Amish

  4. Trading goods for other goods without money is called Stealing Bartering Consuming Producing

  5. People doing physical or mental work to produce goods or services. Capital Resources Natural Resources Human Resources American Resources

  6. SALE 25% off all Shirts Today only! is an example of An advertisement A good deal A billboard An economic want

  7. The next best choice that is given up when a decision is made is called Production Opportunity Cost Limited Resource Economic Decision

  8. What do you call goods made by people and used to produce other goods and services? Economic Wants Human Resources Natural Resources Capital Resources

  9. From to is an example of Economic Wants Technology Advertisements Services

  10. Reliance on others created by specialized workers is called Shortage Overload Interdepartment work Interdependence

  11. Sorry, that is notthe correct answer.Try again.

  12. Correct! Good job!

  13. What occurs when people’s wants exceed the resources available and choices must be made? Economic Wants Opportunity Cost Scarcity Limited Resources

  14. The process of making a product, either a good or a service is called Economic Decision Production Assembly Line Service

  15. Using goods and services to satisfy economic wants is called Consumption Production Opportunity cost Natural Resources

  16. What scarcity situation can be solved by not running the sprinkler and not washing cars? Scarcity of Workers Scarcity of Rain Scarcity of Water Scarcity of Food

  17. Congratulations! You did a great job reviewing Economic Concepts!

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