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Economics
Test Description: Sol 3.7, 3.8, & 3.9
Instructions: Answer all questions to get your test result.
1) Soil is an example of a
A
human resource
B
natural resource
C
a want
D
capital resource
2) People working to produce goods or services
A
opportunity cost
B
natural resource
C
human resource
D
capital resource
3) People who use resources to make goods and/or provide services
A
economic interdependence
B
natural resource
C
capital resource
D
producers
4) Focusing on one product or service
A
wants
B
economic specialization
C
needs
D
economic interdependence
5) Food, air, shelter, and water
A
economic choice
B
wants
C
capital resources
D
needs
6) The people of Mali traded gold for salt with other people. This is an example of
A
economic choice
B
specialization
C
opportunity cost
D
interdependence
7) Virginia specializes in what?
A
salt and gold
B
shipbuilding and mining coal
C
making pottery
D
road building and farming
8) The next best choice that is given up when a decision is made
A
economic specialization
B
economic interdependence
C
opportunity cost
D
economic choice
9) The choice of or decision among alternatives or possibilities
A
economic choice
B
opportunity cost
C
interdependence
D
specialization
10) Virginia is known for shipbuilding. This is known as
A
natural resource
B
specialization
C
opportunity cost
D
economic choice
*select an answer for all questions
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