Econ and Me

What is scarcity?

• The use of goods and services

• not enough of something

• being dependent on others to do their job

Joe and Tom had a lemonade stand to earn.....

• scarcity

• production

• income

Honey was a natural resource, what other good is a natural resource?

• Shovel

• truck

• teacher

• wood

Which is a good?

• haircut

• milk

Being dependent on others to do their jobs is....

• Scarcity

• production

• consumption

• interdependence

If I buy an ice cream cone at dairy queen, I am a...

• producer

• consumer

• production

What is a Human resource?

• toys

• snowboard

• Mailman

What is an example of a capital resource?

• Wood

• Tow truck

• teacher

What was the invisible friends name in econ and me?

• joe

• bob

• Econ

• Earle

What did the kids decide to do to make an income?

• Lemonade stand

• a play

• a garage sale