Studies Weekly Weeks 21, 23, and 24

Food: Need or Want?

• Need

• Want

Clothing: Need or Want?

• Need

• Want

Basketball: Need or Want?

• Need

• Want

Water: Need or Want?

• Need

• Want

Candy: Need or Want?

• Need

• Want

_______ include people, their ideas, and their skills.

• Capital Resources

• Natural Resources

• Human Resources

• Flow Resources

________ are the man-made tools that help us make other things.

• Flow Resources

• Capital Resources

• Human Resources

• Natural Resources

What term refers to the value of what you give up when you make a choice?

• supply

• demand

• opportunity cost

• goods

What is it called when people depend on each other to provide products that meet needs and wants?

• scarcity

• interdependence

• supply

What is it called when there is more demand for something than supply?

• scarcity

• interdependence

• supply