Economics

The study of resources such as money, materials, and labor is called

• economics
• services
• producers
• goods

What is a service?

• A job where you sell a product.

• Something someone does for you.

• Eating in a restaurant.

What is a need?

• expensive technology and clothing

• Something you have to have to live

• Something you would like to have

• Ice cream

What is a good?

• people who work for a business

• clothing and shoes

• the person who serves dinner in a restaurant

A person who uses and buys goods and services 

• money 
• producer 
• consumer 
• economics 

A person who makes goods or provides a service 

• goods 
• service producer 
• producer
• consumer 

Things we buy that we can touch or hold

• services
• opportunity cost
• goods
• natural resources

Things that were not made by humans and are found in nature

• natural resources
• human resources
• capital resources
• services

Which of these is a want?

• Legos
• air
• water
• food

A crew of men are hired to paint a new house.  They are providing a ____

• service
• product
• specialization
• good

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A