Economics Quiz

The best thing you give up to get something.

Something people want that you can hold or touch.

Goods that are used to make other goods or to provide services.

Things we use to satisfy our wants.

Resources found in people; such as their ideas and skills.

The many things nature provides that we use to satisfy our wants.

This happens when people have to make choices because of scarcity.

Something people do for other people.

When there are not enough resources to satisfy all of our wants, it is called:

Decisions you have to make because you cannot have everything you want.

A person who uses a good or service.

This happens when there is not enough of something you want.

The money you earn is called:

A person who makes a good or provides a service.

When you put your resources together to make goods or provide services, this is called: