Chapter 2 Review

Chapter 2 Review

Lesson 1: Goods and Services Lesson 2: Types of Resources Lesson 3: Economic Choices Lesson 4: Human Capital and Your Future

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Chapter 2 Review

Complete the activity for each lesson and get a fantastic diploma

Lesson 3

Lesson 4

Lesson 2

Lesson 1

Lesson 01

Question 01/03

1. Look at the picture. Then answer the question. Which word describes what you see in the picture?

needs

wants

consumer

01

Question 02/03

2. Jasmine has a clothing store. She has decided to start exporting her products. What conclusion can you draw about Jasmine’s business?

She will save money on shipping.

She will find it easier to get resources.

She will gain more customers.

01

Question 03/03

3A. Look at the picture. Then choose the correct words to complete the sentences. This picture shows someone ________________________.

shopping local

producing an item

trading for an item

01

Question 03/03

3B. Look at the picture. Then choose the correct words to complete the sentences. One reason he might do this is to ____________________.

support his community

carry out a responsibility

save on shipping costs

Perfect, you have passed!

Move on to the next lesson

Continue

Chapter 2 Review

Complete the activity for each lesson and earn a fantastic diploma

Lesson 4

Lesson 2

Lesson 1

Lesson 3

Lesson 02

Question 01/03

1. Look at the picture. Then answer the question. What capital resources are needed to produce what you see in the picture?

tractors, plows, factories

knowledge about farming, animals

vegetables, animals

cows, chickens, seeds

02

Question 02/03

6. Look at the picture. Then answer the question. What kinds of resources are shown in this picture?

human and capital resources

natural and capital resources

human and natural resources

capital and product resources

02

Question 03/03

3.Wood, water, wind, minerals, and soil are all examples of what?

human resources

natural resources

capital resources

Excellent, you have passed!

Move on to the next lesson

Continue

Chapter 2 Review

Complete the activity for each lesson and get a fantastic diploma

Lesson 4

Lesson 1

Lesson 2

Lesson 3

Lesson 03

Question 01/03

1. Amelia could only afford to buy one thing. She bought a new book instead of a video game. The video game is a(n) ______________________

opportunity cost

adjustment

need

03

Question 02/03

2. What does benefit mean in economics?

A party with friends

The good things you get from a choice

The cost of something

03

Question 03/03

3. Marco wants to buy a gift for a friend and a new pair of shoes. He does not have enough money for both. Which solution to the problem would result in the highest benefits?

He lists his options

He chooses not to buy the gift.

He does chores to earn extra money.

Great, you have passed!

Proceed to the next lesson

Continue

Chapter 2 Review

Complete the activity for each lesson and earn a fantastic diploma

Lesson 2

Lesson 1

Lesson 4

Lesson 3

Lesson 04

Question 01/03

1. Nick helps out at a soup kitchen on weekends. Nick is a(n) __________.

occupation

volunteer

producer

taxpayer

04

Question 02/03

2. What is one way of investing in your future?

going to the movies

buying what you want

learning good study habits

04

Question 03/03

3. Matthew gets a summer job at the grocery story. Which is the best description of what Matthew is doing?

increasing his human capital

developing good study habits

using his capital resources

Perfect, you have passed!

You have earned your diploma

Continue

Chapter 2 Review

Great! You have passed all the lessons. Now, get your diploma

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Middlesboro Elementary School

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Chapter 2 Diploma

Congratulations! You have passed all of the lessons for Chapter 2! Good luck on your test tomorrow!

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