A need is something ____________.

• necessary to live.

• we want to have, but we can live without it.

Write 2 of your wants.

Select the example of primary source.

• Someone was in the place where the events happened

• The information in a biography

• The story of what happened in the hurricane Mitch told by somebody who read about it

Goods and services are called products.

• True

• False

Select the example of service.

• ANIMALS

• FRUITS

• CLOTHES

• CUTTING HAIR

Select the example of producer.

• Farmers raising crops

• Someone buying food

• A student buying pencils

• A teacher buying markers

Select the example of consumer.

• Farmers raising crops

• Teachers teaching math

• Doctors healing their patients

• A boy buying a balloon

Profit is the money that businesses have left after their costs are paid.

• True

• False

Select the example of trade.

• I give you 20 lempiras and you give me your notebook

• You give me your apple and I give you my popcorns

• Give a shirt and receive pink shoes

• Give a cow and receive a house

Select the right definition of "barter."

• It is when you buy something using money.

• It is to pay for something with money.

• It is to exchange money for an object.

• It is to exchange a good for a good or a service for a service without money.