2nd Grade Economics Review Quiz

Work that someone does for someone else is called a...

When demand goes UP, supply goes...

Goods that are brought IN from another country are called IMPORTS.

When we plan how to earn, spend, and save money, it's called a...

Wht are the RESOURCES we find in NATURE called?

A vacuum cleaner is an example of a human resource.

When supply goes UP, demand goes...

A pig is an example of a human resource.

Things that are made for people to buy and use are called...

People use materials that are called...

People who make goods for others are called...

A doctor is an example of a human resource.

Scarcity is...

What does an entrepreneur do?

A doctor is an example of a capital resource.

An economy is based on goods and...

People who buy goods and services are called...

A vacuum cleaner is an example of a capital resource.

A pig is an example of a natural resource.

Farming, growing crops, and raising animals is also called agriculture.

Goods that are SENT to another country to be sold are called EXPORTS.