Economic Choices
More Economic Choices
Resources
Money, money, money
Taxes
100
Things that we have to have to live.
What are needs?
100
When you don't have enough resources to get everything you want you must make this kind of economic decision.
What is a trade-off?
100
I am a resource that comes from nature.
What are natural resources.
100
I am the money people receive for their work.
What is income?
100
I am used to run governments and to pay for services.
What are taxes?
200
We can spend it, save it, earn it or invest it.
What is money?
200
What people decide to give up in order to get something else.
What is opportunity cost?
200
I am the person who does the work.
What are human resources?
200
The money a bank pays on a savings account.
What is interest?
200
I am a tax based on how much a person earns.
What is income tax?
300
Putting money away to spend later.
What is savings?
300
The protection and careful use of natural resources.
What is conservation?
300
I am the money, buildings, machines, tools or other things needed to run a business.
What are capital resources?
300
Buying something that will grow in value.
What is investing?
300
People pay these kind of taxes when they buy things.
What is sales tax?
400
I spend money.
What is a consumer?
400
Shelter, food, clothing
What are needs?
400
I am the person who organizes and runs a business.
What is an entrepreneur?
400
I am the money that is paid when money is borrowed.
What is interest?
400
This kind of tax is charged on land and buildings.
What is property tax?
500
We are something that people would like to have.
What are wants?
500
I am what is given up when making an economic choice.
What is opportunity cost?
500
The United States has this type of economy.
What is free enterprise or market economy?
500
I am a plan for using money.
What is a budget?
500
I am the tax charged on cars and trucks.
What is personal property tax?
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