Consumers, Producers, Supply & Demand Test

 to trade with goods rather than money (verb)

• coins

• barter

• capital

• consumers

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.2.3D

CCSS.RF.2.3F

to have more of something than we need (noun)

• supply

• surplus

• demand

• shortage

Tags

CCSS.RI.2.4

CCSS.RI.3.4

CCSS.RI.4.4

CCSS.RL.3.4

CCSS.RL.4.4

the amount of something that is available (noun)

• supply

• demand

• scarcity

• surplus

Tags

CCSS.RI.1.5

CCSS.RI.2.5

CCSS.RI.3.5

CCSS.RI.4.5

CCSS.RI.5.5

a particular area which someone concentrates on or is an expert in (noun)

• producer

• services

• specialization

• demand

Tags

CCSS.RI.2.4

CCSS.RI.3.4

CCSS.RI.4.4

CCSS.RL.3.4

CCSS.RL.4.4

when the demand for something is greater than the supply of that item (noun)

• shortage

• surplus

• demand

• supply

work we pay other people to do for us (noun)

• producers

• goods

• supply

• services

there is not enough of a product to meet the demand (noun)

• producers

• scarcity

• surplus

• supply

Tags

CCSS.RI.1.5

CCSS.RI.2.5

CCSS.RI.3.5

CCSS.RI.4.5

CCSS.RI.5.5

 people who make or grow things to sell to others (noun)

• producers

• consumers

• supply

• demand

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

something that must be given up to get or achieve something else (noun)

• competition

• interdependence

• opportunity cost

• surplus

a chance or favorable time (noun)

• interdependence

• economy

• opportunity

• demand

Tags

CCSS.RI.2.4

CCSS.RI.3.4

CCSS.RI.4.4

CCSS.RL.3.4

CCSS.RL.4.4