Social Studies-Economics

The exchange of goods and services without the use of money is called -

• scarcity

• productivity

• barter

• purchase

Which is an example of a service?

• buying lunch
• going to see a movie
• visiting the doctor
• buying new shoes

Which is an example of a want?

• water
• clothing
• iPad
• shelter

When you purchase something at a store are you a producer or consumer?

• consumer
• producer

What are goods?

• Things in the world.
• Things that are made or grown and then sold.
• Only positive things that happen to consumers.
• An activity that a business or person trades for payment.

What are human resources?

• People who make and sell your products.
• Things found in nature used to make a product.
• Goods made and used to produce other goods and services.
• Not having enough people to work.

What are natural resources?

• People who make and sell your products.
• Things found in nature used to make a product.
• Goods made and used to produce other goods and services.
• Nature is a beautiful place.

What are capital resources?

• People who make and sell your products.
• Things found in nature used to make a product.
• Goods made and used to produce other goods and services.
• The United States of America

What is an example of a need?

• TV

• video game

• bike

• food

What is an example of a good?

• a haircut

• a toy

• lawn mowed

• wall painted