Goal 7 Review Civics and Economics NCFE

Shelter (Need or Want?)

Vacation (Need or Want?)

"Required for Survival"

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

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

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

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

When is the general election held?

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

Which is NOT one of the Four Factors of Production?

Who is the current governor of North Carolina?

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

Entertainment (Need or Want?)

Which of the following is NOT a resource?

"The things used in making goods and providing services"

How many members are there in the Electoral College?

Factors of Production: individualwho starts a new business

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

Clothing (Need or Want?)

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

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

Which of the following is NOT a want?

"Things we would like to Have"

Food (Need or Want?)

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

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

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