Unit 6 Economy

I have lollipops but I do not have enough for everyone in my class. Is this scarcity?

• Yes

• No

What is an example of scarcity at school?

• There are not enough computers for all the students.

• Every student has their own computer.

What am I buying when I buy a new outfit for school?

• A good

• A service

What am I buying when I pay someone to fix my bike?

• A service

• A good

What is an example of a producer?

• A child sells lemonade at a stand.

• A man buys lemonade from a child.

What is an example of a consumer?

• A child buys a new toy with her birthday money.

• A child sells birthday cards to his neighbor.

When do you see the environment?

• When you have dinner in you home.

• When you have a picnic at the park.

What can help nature?

• Picking up trash even if it wasn't yours.

• Leaving your trash when you go home.

What does advertising do?

• Makes you want to sell something.

• Makes you want to buy something.

What do you show in a budget?

• All the things you buy at the grocery store.

• How much money you spend and save.