Supply and Demand

What are goods?

• items found under a rug
• items found in the ocean
• items that are made and grown
• Work that is done for someone else

What are services?

• Work that someone does for someone else
• Items that are made or grown
• Something that is not real
• Something that is used to do work for someone else

Tags

CCSS.RI.K.1

CCSS.RL.K.1

CCSS.RI.K.2

CCSS.RL.K.2

CCSS.RL.1.1

What is a consumer?

• Someone who makes or grows goods or offers services
• someone who makes products
• Something that grows in nature
• Someone who buys goods and services

Tags

CCSS.RF.1.3

CCSS.RF.1.4

CCSS.RF.2.3C

CCSS.RF.K.3

CCSS.RF.K.4

What is a producer?

• Someone who makes or grows goods or offers services
• someone who eats potato chips
• someone who buys and goods and services
• someone who shops at the store

Tags

CCSS.RI.K.1

CCSS.RL.K.1

CCSS.RI.K.2

CCSS.RL.K.2

CCSS.RI.1.2

Which is an example of a natural resource? 

• Computer
• Water
• Counting Money 

What is a plan for using money?

• interest
• budget
• deposits  

What happens when the demand goes up?

• Price increases
• Price drops
• price stays the same

Tags

CCSS.8.EE.B.5

Scarcity is when there is not enough supply of a good.

• True
• False

How do inventors make the changes to the community?

• They write slogans to get their messages across.
• They lay railroad tracks to connect communities.
• They come up with new ideas to improve the way people live and work.
• They lead peaceful marches against unfair laws.

Tags

CCSS.RI.K.1

CCSS.RL.K.1

CCSS.RI.K.4

CCSS.RL.1.1

CCSS.RI.1.1

what is wages

• saving money
• buying stuff
• money paid  to an  employee

Tags

CCSS.RI.K.4

CCSS.RI.1.4

CCSS.RI.2.4

CCSS.RI.3.4

CCSS.RL.3.4