Civics/Economics Review #7 NCFE

Which of the following is NOT a want?

Cost of the next best use of your time/$ when you choose to do one thing rather than another

"Required for Survival"

Occurs whenever we do not haveenough resourcesto make all of the things we would like to have

Entertainment (Need or Want?)

Clothing (Need or Want?)

Which of the following is NOT an example of a Need?

How many members are there in the Electoral College?

"Things we would like to Have"

Shelter (Need or Want?)

Factors of Production: individualwho starts a new business

Factors of Production: Manufactured Goods used to make other goods/services

Which is NOT one of the Four Factors of Production?

Factors of Production: Human Resources, anyone who works to produce goods/services

"The things used in making goods and providing services"

Breaking down a job into small tasks performed by different workers.

When is the general election held?

Factors of Production: Service land- Water, Fish, Animals, Forests, Shiny Rocks

Food (Need or Want?)

"Alternativeyou face if you decide to do one thing rather than another."

Which of the following is not one of the freedoms protected by the first amendment?

Vacation (Need or Want?)

Which is not one of the colonial regions in Colonial America?

Who is the current governor of North Carolina?

Which of the following is NOT a resource?

Which of the following is not one of the three basic economic questions?

French for "Let it Alone" (Government should not interfere in the marketplace)