MICHIGAN
Chapter Two
Economics
Vocabulary Test
Wednesday, November 18th
(There will not be a chapter
test for Chapter Two)
Lesson One: Goods and Services
goods, services, consumer, local, producer, import, export
Lesson Two: Types of Resources
human resources, capital resources, technology
Lesson Three: Economic Choices
trade-off, cost, opportunity cost, benefit, need, want, option
Lesson Four: Human Capital and Your Future
invest, human capital, occupation