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