Rosemary Ehlers Economics Assessment Matching: Please match the following terms with their definition. 1.

capital resource _____ 2. natural resource _____ a. materials that come directly from nature b. coins, paper bills, and checks used in exchange for goods and services c. people working to produce goods and services d. goods made by people and used to produce other goods and services e. the exchange of goods and services without the use of money

3. human resource _____ 4. barter _____

5. money

_____

Multiple Choice: Please circle the best answer. 6. Which of the following is an example of a natural resource? a) b) c) d) Hammer Farmer Water Lawn mower

7. _________________ is a person who uses goods and services. a) b) c) d) Producer Scarcity Consumer Barter

8. What is another word for limited? a) b) c) d) Natural resources Producer Money Scarce

9. A _________________ is an example of money. a) b) c) d) Button Quarter Bean Piece of candy

10. Holden and his friends build a lemonade stand in their neighborhood. They sell lemonade and cookies to their neighbors. Which word best describes Holden and his friends? a) b) c) d) Producers Consumers Salesmen Inventors