Question 1

Things from nature that are used to produce goods and services are


A) Capital resources.



B) Natural resources.



C) Human resources.





Question 2

The division of resources, goods, and services among members of society is



A) Trade.



B) Distribution.



C) Scarcity.





Question 3

Goods received from other countries are



A) Imports.



B) Exports.



C) Demand.





Question 4

Scarcity is



A) goods sent to other countries.



B) the condition in which economic wants for goods and services are greater than the limited resources available to satisfy those wants.



C) the exchange of goods and services.





Question 5

Capital resources are goods made by people and


A) scarce.



B) are divided among members of society.



C) used to produce other goods and services.





Question 6

Human resources are



A) physical or mental work.



B) used to produce other goods and services.



C) goods sent to other countries.





Question 7

Trade is the



A) gifts of nature that can be used to produce goods and services.



B) amount of resources sellers are willing and able to sell at various prices.



C) exchange of goods, resources, and services through the barter or the use of money