Chapter 2 - Working to Meet Our Needs

Food, clothing, and shelter are

• wants

• needs

• resources

• idea

__________ is an example of a want.

• Apple

• Bike

• Water

• House

A resource is

• things we would like.

• things we need to live.

• making a choice.

• something that we can use.

Scarce means there_____

• is to much of something.

• is not enough of something.

• is nothing at all.

• we can't do it at all.

The price of something is the

• money

• activity

• choice

• cost

When you pick how to spend your money you look at the (pick 2)

• cost

• benefits

• color

• size

The thing you give up when you make a choice is called

• a benefit

• a loss

• a decision

• opportunity cost

Tomatoes, televisions, and trucks are all examples of

• needs

• goods

• wants

• income

What is used to buy things people need and want?

• goods

• producers

• stores

• income

A person who makes or grows goods is a producer. What does a consumer do?

• A consumer eats the food.

• A consumer buys and uses goods.

• A consumer sell things

• A consumer makes things.