Duplicate of Economy 2nd Grade Study Guide/Quiz

Question 1

Things people make or grow are called _____________________.

Accepted Answer

goods

Question 2

Which idea would best help a team sell more tickets?

Accepted Answer

Sell the tickets at a lower price.

Question 3

Which is a human resource?

Accepted Answer

builder

Question 4

What means to keep money for later?

Accepted Answer

save

Question 5

What is a capital resource?

Accepted Answer

city bus

Question 6

The money that people earn by working is their __________.

Accepted Answer

income

Question 7

A person who buys or uses things is a _____________________.

Accepted Answer

consumer

Question 8

What do you call activities that people do to help other people?

Accepted Answer

services

Question 9

When there is not enough of a resource then we say there is a ______________.

Accepted Answer

scarcity

Question 10

Which of these is the amount of money you pay to buy something?

Accepted Answer

price

Question 11

When you go to a store and there are MANY hula hoops available, the supply is_________.

Accepted Answer

high

Question 12

Which of the following is an example of a market?

Accepted Answer

People selling fish

Question 13

A person who makes or grows something is a _____________________.

Accepted Answer

producer

Question 14

Which is a natural resource?

Accepted Answer

farmland

Question 15

You go to 5 stores to buy a video game but they're sold out. Which statement is true?

Accepted Answer

Demand is high.

Questions 15