WorksheetsChapter 2 Vocab
Total questions: 18
Worksheet time: 9mins
Goods
jonah
stuff
something
things that workers make or grow
service
food
things you make and grow
work that people do
dogs
consumer
user of goods and services
never uses anything
something you eat
something you plant
local
things made in a factory far far away
things made in China
things made near where they are sold
my neighbor
Producer
GOD
the maker of goods
the buyer of all things
an animal
import
to bring good from another country
to send stuff away
to mail a letter
to sell stuff
export
to export a file
to sell stuff
to bring in goods
to send out goods to another country
Human Resources
a book
a tree
a person's talent or skill
a dog
Capital Resource
learning
Human made items to make other goods or provide services
basketballing
cooking
Trade-Off
to give up one thing for another
to give a friend a cookie for fun
to let your friend have the blooket you wanted
to eat something
Cost
money
an F on a test you didn't study for
the price needed to get something
a hair cut
Opportunity Cost
to buy something for a good price
to have an opportunity
to steal something
what you have to give up to get something
Benefit
useful result
negative result
positivity
end result
Need
Something you MUST get from the store
Something you MUST have to live
something you WANT to have
Something you want to buy
Want
Something you NEED to live
Something you would LIKE to have and never get
Something you would like to have but do not need to live
Something you would never need
Invest
to spend now in hope for a negative reward
to spend money on a candy bar
to buy your friends old backpack
to spend now in hope for a future reward
Human Capital
a person's ability to raise their hand
a person's skills, knowledge, and experience
a person's hair, eye color, and height
a person's willingness to cut the line
Occupations
A job or work
cooking for fun
sending an email
A recreational adventure
