Taxes
Interdependence
Personal Economic Decisions
Factors of Production (Productive Resources)
Government Services
100
This kind of tax is taken from a person's paycheck.
What is income tax?
100
When one state depends on another state for certain goods, it is known as _________.
What is interdependence?
100
This is what people use to buy goods.
What is money?
100
Materials found in nature are called ___________ _________________.
What is natural resources?
100
These types of services are paid for through tax money so that citizens can use them.
What are public services? (or government services)
200
This kind of tax is paid when a person owns a home.
What is property tax?
200
This is when individuals, groups or nations work together.
What is cooperation?
200
This is another word for money that comes in.
What is income?
200
Another word for natural resources is ____________.
What is land? Or resources from the land.
200
This government service delivers mail.
What is the postal service?
300
This type of tax is added to the price of items that we buy.
What is sales tax?
300
This is when a group or nation ONLY produces a certain kind of good or product.
What is specialization?
300
When you put money away for later use, it is called ______.
What is saving?
300
This is another word for human resource.
What is labor?
300
This government service makes sure that citizens are safe in their communities.
What is the police department?
400
The government uses money from taxes to buy services for us. What is one service that is paid for by tax money?
What is (any of these: schools, libraries, roads, parks, etc)?
400
If a resource is in short supply, this is known as _______.
What is scarcity?
400
A __________ is a plan to organize how your money is spent or saved.
What is budget?
400
This type of resource is the machinery and tools used to make products.
What is capital?
400
This government service provides a place for citizens to borrow books, music and movies for free.
What is a library?
500
Money from property taxes is used to pay for this.
What is public schools?
500
This is another word for the making or growing of goods.
What is production?
500
A person to go a bank to borrow money. This borrowed money is known as a ____________.
What is loan?
500
When a person takes the risk to organize a business, it is known as __________________.
What is entrepreneurship?
500
This type of service is provided by a business and is NOT part of the government or paid for with tax money.
What is a private service?
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