Economy

An economy is made up of all the ways in which people make, sell, and buy __________ and __________.

• goods

• air

• services

• water

When people shop, they make __________ about what goods and services they buy.

• actions

• colors

• choices

• petitions

The idea that the things and the resources people want and need are limited is...

• abundance

• scarcity

• jobs

• market

The place where economic activity occurs is...

• market

• school

• oceans

• church

The resources including land, capital, and workers used to create good and services are __________.

• dividend and divisor

• factors and multiple

• factors of climate

• factors of production

A detailed report of how much money you expect to have in a given time period is a __________.

• taxes

• budget

• production

• job

Contributions paid for the support of a government required of persons, groups, or businesses is known as __________.

• market

• jobs

• taxes

• budget

Can climate affect the economy of a place?

• Yes

• No

Different from the past, today we use __________ to acquire goods and services.

• silver

• gold

• money

• oil

The men on this pictures most probably are...

• ...skyscraper construction workers.

• ...acrobats from the local circus.

• ...skydivers ready to jump.

• None of the alternatives.