BizTown: Community and Economy

Merchandise; items that can be bought & sold.

Which is NOT a basic economic question faced by an economy?

As a citizen you have the ____ to work a job.

Which is NOT an example of a natural resource?

A system of production, distribution, and consumption of goods, services, and resources.

When people cannot have all of the things they want due to limited resources this is called

As a citizen, you have the ______ to show up on time for your job.

A model of the movements of goods, services, resources, and money in an economy.

The action of helping or doing work.

Things and people used to produce goods and services.

A system in which economic decisions are made by consumers and businesses.

When Si sold his apple slices the consumers were

Who pays for public goods and services?

Payments that citizens are required to make to the government are called

Which is NOT a type of resource.

Which is NOT an example of a capital resource?

When Si sold his apples who was the producer?

In a free enterprise economy, ______ make the decisions about what businesses will sell.

A member of a town, city, state or country is called a

Which best describes the circular flow of an economy between citizens and businesses?