Social Studies Econ

Front

Why do we have currency (money)?

Back

So we can trade currency (buy) for goods and services.

Front

Who provided the service at the ice cream shop?

Back

Only Ethan

Front

Who would be a human resource in your business?

Back

Someone who works for you.

Front

What is an employee's role in a business?

Back

Labor

Front

Which best describes Michael, who mows lawns for $30?

Back

Michael is an entrepreneur.

Front

What type of resource is a tree?

Back

natural resource

Front

What best describes Dairyn's car loaded with vegetables to sell at the farmers market?

Back

a capital resource

Front

Which of the following is an entrepreneur?

• Ximena volunteered to teach the neighbor's kid.
• Jaydon baked some cookies for the sick neighbors.
• Jennifer helped her friend clean her house for free.
• Anthony started a small business washing cars.

Back

Anthony started a small business washing cars.

Front

Why do citizens have to pay taxes to the government?

Back

to provide services and public goods for all citizens.

Front

Why do we say entrepreneurs are risk takers?

Back

Because they might lose all the money they used to start the business.