Scarcity & Trade

Why can't Aaron buy the new Super Quest video game?

• He has no money

• He has nothing to trade

• The game is sold out

• The game has not been released yet.

_______ is the number of people who want or need something.

• demand

• supply

• scarcity

• trade

______ is the amount of something that is available.

• trade

• scarcity

• demand

• supply

_____ is what happens when an item is hard to find.

• Demand

• scarcity

• supply

• trade

To _______ is when you give one item or service in return for something else.

• scarcity

• supply

• trade

• demand

Which goods are scarce in Florida?

• oranges

• limes

• alligators

• oil

What goods does Florida supply to other states and countries?

• oranges

• oil

• cheese

• wheat

What is a line graph ?

• how much money people make

• how many product are needed

• shows information that changes over time

• what kind of products are made

Florida _______ the products it has for the products it needs.

• throws away

• gives away

• trades

• keeps

Why can people find oranges easily in Florida?

• They are scarce

• They are traded throughout the state

• They grow well in Florida's climate

• They are shipped in from other states