4th Grade Economics Review

Which term means to give money to the bank?

• barter

• currency

• opportunity cost

• deposit

Which term means Trading without using money?

• resource

• barter

• interdependence

• scarcity

Which term means a country's system of money?

• currency

• specialization

• deposit

• resource

Which term means making one kind of good or service?

• opportunity cost

• specialization

• interdependence

• scarcity

Which term means not having enough of something?

• resource

• currency

• scarcity

• barter

Which term means anything used to produce goods?

• resource

• interdependence

• deposit

• opportunity cost

Which term means depending on others to produce things that you need?

• opportunity cost

• specialization

• scarcity

• interdependence

Which term means the thing you give up when you buy something else?

• barter

• deposit

• opportunity cost

• specialization

Which list shows only needs?

• nail polish, television, sweater

• sweater, water, apple

• shoes, shirt, necklace

• water, shirt, nail polish

When you go to the store and buy a bag of potato chips, you are a:

• producer

• consumer

• natural resource

• human resource