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1. Resources Goods and Services Buying, Selling, Trading Spending vs. Saving True or False 100 100 100 100 100 200 200 200 200 200 300 300 300 300 300 400 400 400 400 400 500 500 500 500 500

2. Which is an example of a human resource? a plastic toy A peach tree A diamond A factory worker.

3. d.

4. Which of these is a capital resource? Oil A machine that pumps oil A person who sells oil An oil business owner.

5. c. A machine that pumps oil.

6. Which of these is an example of a natural resource?A. a table made from wood.B. gold dug out of the groundC. a silver necklaceD. an apple pie.

7. B.

8. Which is a nonrenewable resource?A. TreesB. WaterC. Fossil FuelsD.Wheat

9. C. Fossil fuels

10. Which of the following is a renewable resource?A. OilB. Fossil FuelsC. Timber

11. C. Timber

12. _________________ are things that people make or use to survive. Goods Services Needs Entrepreneurs

13. A. Goods

14. ________________ are jobs that people do for others in order to make money. Goods Services Wants Entrepreneurs

15. B. Services

16. Needs and wants are important to each and every human. Which of these is an example of a need?A. a chocolate cakeB. A glass of water.C. A CD player..

17. B. Water

18. _______________ are people who organize resources to make goods and services. They might start a business or create an invention to provide something for the buyers.A. GoodsB. ServicesC. EntrepreneursD. Businesses

19. C. Entrepreneurs

20. Which of the following is a service that is provided by the government? Public schools Movie theaters Restaurants Grocery stores

21. A. Public Schools

22. Whenever a shopper buys something in a store, there is always a little extra added to the price of the item. Which of these is a tax that is added to the cost of an item that you buy? Income tax Sales tax Property tax Service charge

23. B. Sales tax

24. Which of these is a tax that is paid on the price of a home or piece of land? Sales tax Income tax Property tax Service charge

25. C. Property tax

26. Producers Consumers Market Interdependence When two or more people or businesses rely on each other for goods and services, it is called

27. D. Interdependence

28. Which product might Georgia be a lead producer of? Grapes Bananas Peaches Cantaloupes

29. C. Peaches

30. Supply and demand help determine how much a product costs and how easy it is to obtain. What might cause the price of an object to become very high? There are many of the items on store shelves. There are very few of the items on store shelves. The manufacture decided to raise the price.

31. B. A limited supply of an item would lead to a higher cost.

32. In which of these places can people earn interest when saving money? Under the bed In a piggy bank In a bank

33. C. In a bank.

34. . What is a deposit? Money taken out of the bank. Money put into the bank. Money spent at a store. The total amount in the bank.

35. B. Money put in the bank.

36. What is the name for a plan that is written out by a person seeking to save money? Income Budget Banker Spending

37. Budget

38. Why is it a risk for an entrepreneur to start a business? The business might make too much money. The business might not make enough money. The entrepreneur might stop voting. The entrepreneur might get arrested.

39. B. The business might not make enough money.

40. How many times did Franklin take money out of his bank account? 4 6 2 9 Look at Franklin’s savings account record below to answer the question.

41. 2

42. True or False? A natural resource is something that comes from the earth that people can use..

43. True.

44. True or False? A sewing machine is an example of a human resource.

45. False

46. True or False? Tax money helps to pay for services such as police, fire, and garbage services.

47. True

48. True or False? Taxes are free money that people get just for being U.S. citizens.

49. False.

50. True or False? When two or more people depend on each other for goods or services, it is called interdependence.