7/29/2019 Vocab #18--Review #3

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Name _____________________________

Vocabulary #18--Review #3

Period _____

Complete each sentence using the words in the word list.

natural resources opportunity cost trade-off consumers scarcity

capital resources specialization producers services goods

______________________________ 1. ____ often try to take advantage of sale prices.

______________________________ 2. High school teachers have earned a ____ in each of the subjects they

teach.

______________________________ 3. The government collects taxes from people to pay for ____ like police

and fire protection.

______________________________ 4. Suzanne and Emily decided on a ____ at lunch because both of them

wanted what the other one had.

______________________________ 5. The Gulf of Mexico provides such ____ as shrimp and fish.

______________________________ 6. The company needed to invest in ____ in order to expand their

business.

______________________________ 7. The ____ of technology goods constantly try to improve theirproducts.

______________________________ 8. The late freeze damaged many of the orange trees, which created a____ of products made with oranges.

______________________________ 9. When I chose to buy a new car instead of a new motorcycle, the

motorcycle became the ____.

______________________________10. Walmart is one of the biggest sellers of ____ needed by most

households.

7/29/2019 Vocab #18--Review #3

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capital

resources

1. The ____ of the oil company included the oil rig and refinery.

services 2. The interpreter found that her ____ would be needed at the school on parent/teacherconference night.

scarcity 3. The ____ of diamond veins in the world makes diamond prices high.opportunity

cost

4. By choosing a new iPad mini instead of a new iPhone, the iPhone became the ____.

consumers 5. ____ often try to take advantage of sale prices.

specialization 6. High school teachers have earned a ____ in each of the subjects they teach.

services 7. The government collects taxes from people to pay for ____ like police and fire protection.

trade-off 8. Suzanne and Emily decided on a ____ at lunch because both of them wanted what the

other one had.

natural

resources

9. The Gulf of Mexico provides such ____ as shrimp and fish.

consumers10. The ____ of apple products are usually lined up outside the stores when the newest

products are released.specialization11. Factories use workers that have a ____ in the areas of the factory they know best.

capital

resources

12. The company needed to invest in ____ in order to expand their business.

producers13. The ____ of technology goods constantly try to improve their products.

scarcity14. The late freeze damaged many of the orange trees, which created a ____ of productsmade with oranges.

natural

resources

15. Louisiana is rich in ____ such as oil and natural gas.

producers16. American automobile ____ have to compete against foreign automobile manfucturers.opportunity

cost

17. When I chose to buy a new car instead of a new motorcycle, the motorcycle became the

____.

goods18. Many of the ____ we need can be found in several stores that compete against oneanother.

trade-off19. Mrs. Morgan decided it would be better to ____ more lessons for time spent reviewing for

the test.

goods20. Walmart is one of the biggest sellers of ____ needed by most households.