Sample Assessment Items
SS3E1 The student will describe the four types of productive resources:
a. Natural (land)
b. Human (labor)
c. Capital (capital goods)
d. Entrepreneurship (used to create goods and services)
Multiple Choice:
In economics, what term refers to all natural resources?
a. capital
b. entrepreneurship
c. labor
d. land
Answer: d
What do we call the people who organize resources to make goods and services?
a. customers
b. consumers
c. entrepreneurs
d. human resources
Answer: c
Use the picture below to answer the next 2 questions.
Which number is pointing to a "human resource"?
a. 1
b. 2
c. 3
d. 4
Answer: b
Which number is pointing to a "natural resource"?
a. 1
b. 2
c. 3
d. 4
Answer: a
Which of these is an example of a natural resource?
a. carpenter
b. chairs
c. mechanic
d. trees
Answer: d
Which of these images represents the productive resource classified as "land"?
a.
b.
c.
d.
Answer: a
Secretary
Nurse
Factory Worker
Policeman
All of the items listed above are examples of which productive resource?
a. capital
b. entrepreneurship
c. labor
d. land
Answer: c
What is the definition of labor (one of the productive resources)?
a. the people needed to produce goods
b. the factories in which goods are made
c. the equipment needed to produce goods
d. the goods and services a business produces
Answer: a
What is the definition of capital (one of the productive resources)?
a. the people that provide services
b. the equipment needed to produce goods
c. the goods and services a business produces
d. the labor needed to produce goods or services
Answer: b
If a business has a labor shortage, what would be the BEST thing for the business to do?
a. Raise prices.
b. Lower prices.
c. Hire more workers.
d. Make new products.
Answer: c
Open ended:
What are the four types of productive resources? Give an example of each type.
What are some examples of capital resources that you use in the classroom each day?
List some examples of capital goods that are used in the classroom.
Identify some human resources in your school.
Why do business and entrepreneurs choose to make the products they want to sell to
consumers?
How are different productive resources used to make things we use everyday?
Why do we need more than one productive resource to make products?