Economics Review

Question 1

What river is hi-lighted in red?

Accepted Answer

Ohio

Question 2

There are 5 major rivers in the U.S. One of them is NOT:

Accepted Answer

Chattahoochee

Question 3

You chose the pair of Nikes. The Sketchers are your ______________.

Accepted Answer

opportunity cost

Question 4

Ms. Dickey is taking a risk and starting a business! This is an example of: ____________.

Accepted Answer

entrepreneur

Question 5

Cash registers, shelves, freezers, and ovens are all examples of:

Accepted Answer

capital resources

Question 6

Which river is hi-lighted in red?

Accepted Answer

Hudson

Question 7

When two countries or people rely on each other to trade goods.

Accepted Answer

interdependence

Question 8

The people in a community who utilize and pay for the different goods and services provided.

Accepted Answer

consumers

Question 9

Example(s) of natural resource(s):

Accepted Answer

Corn

Question 10

What river is on the picture?

Accepted Answer

Mississippi

Question 11

Which is a good?

Accepted Answer

baseball glove

Question 12

Products brought into the U.S. from other countries are called _____________.

Accepted Answer

Imports

Question 13

Most people create a budget to:

Accepted Answer

keep track of money they spend and save

Question 14

When two countries barter for goods... this is called ________________

Accepted Answer

international trade

Question 15

What river is hi-lighted in red?

Accepted Answer

Colorado

Question 16

Example(s) of a human resource is/are

Accepted Answer

all of the above

Question 17

People who make or grow goods or sell services.

Accepted Answer

Producers

Question 18

The choice between picking one item like buying a pair of Nikes OR Sketchers is called ________

Accepted Answer

Trade-off

Question 19

One major mountain range in the U.S. are the Appalachians. What is the other?

Accepted Answer

The Rockies

Question 20

Money that is used for schools, libraries, roads, and police is called _______________

Accepted Answer

taxes

Question 21

Example(s) of capital resource(s):

Accepted Answer

all of the above

Question 22

Which is a service?

Accepted Answer

concession stand worker

Questions 23