Economics - Gavin

Question 1

What is the money that someone earns?

Answer 1

Income

Question 2

What is a building where people produce good?

Answer 2

Factory

Question 3

What are jobs that people do to help others?

Answer 3

Service

Question 4

What is it called when we buy, sell, or exchange?

Answer 4

Trade

Question 5

Trains and trucks are a means of ____________.

Answer 5

Transportation

Question 6

In some places, there is a sales _________ on goods you buy.

Answer 6

tax

Question 7

Name 3 natural resources?

Answer 7

1. water 2. coal 3. wood

Question 8

Name 2 human resources?

Answer 8

Police and teachers

Question 9

Name 2 capital resources?

Answer 9

Hammers and trucks

Question 10

Name 3 needs?

Answer 10

Shoes, home, food

Question 11

Name 3 wants?

Answer 11

pet, car, rug

Question 12

Write the names of three service workers.

Answer 12

Doctor, builders, teachers

Question 13

What are two things people can do with their income?

Answer 13

Buy goods and save