Unit 1-5 Barter Economy & Market Economy

Why did Target lower the price on the ugly shirt?

• The supply of the shirt was low
• The demand for the shirt was low

Goods sold to another country

• Import
• Export
• Globalization

Goods bought from another country

• Import
• Export
• Gloalization

This is trading without money

• Deal
• Barter
• Lets make a deal
• All of the Above

A very small supply

• Scarcity

• Profit

• Opportunity Cost

• Tax

The study of how resources are used to satisfy peoples wants and needs.

• dictionary

• economics

• geography

• civics

Money or value gained after all the costs of production have been paid.

• Loss

• Supply

• Profit

• Tax

Money that the government collects from individuals and businesses to pay for public goods and services

• Profit
• Tax
• Service
• Loss

How much there is of a good or service.

• Incentive
• Supply
• Demand
• Loss

Resources found in nature like land, fuel, water and minerals are

• human resources

• natural resources

• nonrenewable resources

• capital resources