Items that are produced in one country and sold/shipped to another.
What is an import?
100
A person that makes a product/provides a service...a farmer is an example of this
What is a producer?
100
The study of making and selling goods and services in the world.
What is economics
100
Items humans can not live without.
What is a need?
100
A country's system of metal coins and paper bills that are used to purchase goods and services.
What is money?
200
Items that are bought by another country/shipped to another country.
What is an export?
200
A person who purchases and uses a good or service. Someone who buys what a farmer grows or produces is an example of this
What is consumer?
200
An area that produces plants and livestock to sell
What is an agricultural area
200
Things we desire for comfort.
What is a want?
200
To trade within an economy.
What is to barter?
300
Your sweater was made in Bangladesh. It's an example of an item Americans have...
What is imported
300
Things people make or grow and then sell.
What is a good?
300
An area that uses machinery and factories to produce goods(cars, air conditioners, tractors)
What is an industrial area?
300
Examples of a need.
What is food, shelter, water, or medications.
300
To solve the problem of trading with too many items within an economy.
What is why money was invented.
400
The economic term for shipping vegetables that are grown in Mexico to California.
What is exporting
400
Jobs that one person does for another
What is a service?
400
Income a business has left after all its costs are paid.
What is a profit?
400
Candy, Spongebob towels, or a new toy
What is examples of wants?
400
I mowed the lawn and she made me brownies.
Jack gave a cow, Jack got beans.
I walked her dog, she watered my roses.
What are examples of barters?
500
Matel toys tat are shipped from China to the United States is an example of...
What is export
500
Goods are things people make and services are jobs people do for one another...
What is the difference between goods and services.
500
The amount of a product that producers want to sell at different prices and the amount of goods or a service people want and can pay different prices is.
What is supply and demand?
500
This is an important part of economics that helps insure people's needs and wants are met.
What is distribution?
500
This is what we use in America to provide our needs and wants.