Allocation of goods and services
Flashcard
•
Social Studies
•
2nd Grade
•
Hard
Wayground Content
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16 questions
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1.
FLASHCARD QUESTION
Front
A service is ....., Options: something someone does for you., something someone makes., something someone creates., something you find in a store.
Back
something someone does for you.
2.
FLASHCARD QUESTION
Front
A good is......
Back
something you buy, something you need or want, something you use or consume.
3.
FLASHCARD QUESTION
Front
When goods or services are hard to get or find, we say they are......
Back
scarce.
4.
FLASHCARD QUESTION
Front
When goods, services or resources are scarce, sometimes the cost of that good or service goes up and it becomes expensive. We call this allocation by ....
Back
price.
5.
FLASHCARD QUESTION
Front
When goods, services or resources are scarce, decisions have to be made about who will have them first. We call this process.......
Back
allocation.
6.
FLASHCARD QUESTION
Front
Sometimes when goods, services or resources are scarce, the first people who come to get them, are the first to receive them. We call this.....
Back
first come, first served.
7.
FLASHCARD QUESTION
Front
Sometimes when goods or services are scare people divide things out so that everyone who wants or needs it gets a little bit. We call this method of allocation......
Back
sharing.
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