2nd Grade Economics

_____________ are things that people make or use to satisfy their needs and wants.

• Goods

• Services

• Producers

• Consumers

________________ are activities that satisfy people’s needs and wants.

• Goods

• Services

• Needs

• Wants

_______________ resources are materials that come from nature.

• Special

• Natural

• Human

• Capital

The good or service that you give up when you make an economic choice is called _____________________.

• opportunity cost

• economic choice

• economic interdependence

• economic specialization

The term used when there is not enough of something to go around is __________________.

• scarcity

• economic choices

• resources

• opportunity cost

What type of resources are these?

• capital

• natural

• nautical

• human

This picture shows examples of _________________ resources.

• natural

• capital

• human

• consumer

What does a baby sitter provide ?

• good

• service

What does a car salesman provide?

• good

• service

What does a coach provide?

• good

• service