What is a capital resource?

Something that is made from another product

Which is an example of a positive incentive?

Earning a recess, Earning points for the class

Which of the following is a complete example of a decision?

Choosing cookies instead of a milkshake

What is a savings bond?

A bill you can cash in years later

The study of how we get the goods and services we need/want

Choosing one thing over another

Something someone does for another person

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Chapter 8: Economics

20 termsStudBud Administration169 plays

Beginning economics: Incentives, types of resources, goods and services, opportunity cost, risk, decisions

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Questions 20

Answers

1
What is a capital resource?
Something that is made
Something that is made from another product
Something made by nature
Something a human works on alone
2
What is an example of a natural resource?
Baseball bat
Fences
Water
Wind
3
What was the first coin that the Denver Mint made?
A nickle
A penny
A quarter
A gold piece
4
What is an incentive?
Something you use
Something you earn or lose
Something you buy
Something you take
5
Which is an example of a positive incentive?
Earning a recess
Earning a punishment
Earning points for the class
Earning earwax
6
What do Coloradoans still argue about?
What land belongs to Colorado
The best natural resources
How to make plants grow
Where to plant gardens
7
What is an example of a negative incentive?
A punishment
A challenge
A reward
A negative comment
8
Which of the following is a complete example of a decision?
Getting a soda
Choosing cookies instead of a milkshake
Choosing pizza
Choosing Burger King for dinner
9
What did Franklin Crail open?
A cafe
A bank
A candy shop
A barbershop
10
What is a good commonly sold or traded in Colorado history?
Computers
Railroads
Beaver fur
Mining for gold
11
What is a savings bond?
Saving someone like James Bond
Saving money in a bank
A bill you can cash in years later
Choosing not to spend money
12
What is economics?
The goods/services we produce depend on our resources
The study of how we get the goods and services we need/want
A subject as big as history
How we get money and how we make money
13
What is a trade-off?
Choosing one thing over another
Changing places
Swapping something
Trading with someone
14
Which is an example of a human resource?
Food
Water
Doctor
Cellphone
15
What does the D on a coin stand for?
Made in Dallas
Made by John Denver
Made in Detroit
Made in Denver
16
Which items would truly help you in the future?
A ticket to the moives
An education
Watching cartoons
A ticket to the waterpark
17
What is opportunity cost?
The cost or value you give up
Lost money
Choosing both opportunities
Cost of getting something
18
What is risk?
Taking a chance
A game
Something scary
How I operate
19
What is a service?
A special ceremony
Something someone does for another person
Work
Prices dropping
20
What is a decision?
A change between two things
Options
A choice between two things
The difference between two things

Chapter 8: Economics Flashcards | StudBud