1. Econ and Me Review Click on the button to begin.

2. People who buy and use goods and services to satisfy economic wants are called Consumers Producers Grocers Bakers

3. Home and barns in the Amish community are built by Other Amish Contractors Blacksmiths Women

4. Trading goods for other goods without money is called Bartering Stealing Consuming Producing

5. People doing physical or mental work to produce goods or services. Human Resources Natural Resources Capital Resources American Resources

6. SALE 25% off all Shirts Today only! is an example of An advertisement A good deal A billboard An economic want

7. The next best choice that is given up when a decision is made is called Opportunity Cost Production Limited Resource Economic Decision

8. What do you call goods made by people and used to produce other goods and services? Capital Resources Economic Wants Human Resources Natural Resources

9. From to is an example of Technology Economic Wants Services Advertisements

10. Reliance on others created by specialized workers is called Interdependence Shortage Overload Interdepartment work

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12. Correct! Good job!

13. What occurs when people’s wants exceed the resources available and choices must be made? Scarcity Economic Wants Opportunity Cost Limited Resources

14. The process of making a product, either a good or a service is called Production Service Assembly Line Economic Decision

15. Using goods and services to satisfy economic wants is called Consumption Production Opportunity cost Natural Resources

16. What scarcity situation can be solved by not running the sprinkler and not washing cars? Scarcity of Water Scarcity of Workers Scarcity of Rain Scarcity of Food

17. Congratulations! You did a great job reviewing Economic Concepts!