CFHS Econ Module 1

Which of the following is an example of a need?

You decide to go to college. The loss of income during your years in college is the

The choices society makes are driven by

Which of the following is NOT a need?

Which of the following describes scarcity?

Which is an example of capital?

Which of the following best describes an individual who starts a new business or introduces a new product?

What term describes your motivation to make a decision?

What are services?

Which of the following buys goods and services?

The opportunity cost of increased highway spending is

What is economics?

What term describes the next best use of your time or money?

Tom planned to finish his English paper. A neighbor offers him $100 to mow his yard. If he mows, what's the trade off?

Which of the following is a capital resource needed by someone who builds new homes?

Which of the following is a want?

Which of the following describes the special skills of creating new ways to use resources?

Which of the following is not a productive resouce?

Which of the following provides a service?

Which of the following describes natural resources?

Which of the following describes products that are used to make other goods or provide services?

Which of the following is not considered a need?

Which of the following describes the work people do to make goods and provide services?