Economic Choices
Using Resources
Money, Money, Money
Taxes
Leftovers
100
I am a decision about how to use resources.
What is an economic choice?
100
People are free to start and run their own businesses with little government control.
What is free enterprise?
100
The money that people receive for for their work.
What is income?
100
A tax based on how much a person earns.
What is income tax?
100
Depending on one another for products and services.
What is interdependence?
200
People who buy goods or services.
What is a consumer?
200
We are the workers that make goods and provide services.
What are human resources?
200
The money that is used to run the government and to pay for services.
What are taxes?
200
A tax paid when people buy things.
What is sales tax?
200
I am a fast food restaurant that started in North Carolina.
What is Hardee's?
300
I am a resource that can not be made again quickly by nature or people.
What is a nonrenewable resource?
300
A person who organizes and runs a business.
What is an entrepreneur?
300
When you use your money to buy something that will grow in value.
What is investing?
300
Taxes charged on buildings and land.
What is property tax?
300
Food, clothing and shelter are all examples of this.
What are needs?
400
An economic decision where you give up certain things to get other things.
What is a trade-off?
400
The tools, machines, buildings and money needed to run a business.
What are capital resources?
400
The money paid to you for having a savings account in a bank.
What is interest?
400
Taxes collected on items such as cars and trucks.
What is personal property tax?
400
The difference between the cost to produce an item and the selling price.
What is profit?
500
What is given up in order to get something else.
What is opportunity cost?
500
I am the raw materials that are used to make products.
What are natural resources?
500
The money that you pay to borrow money from a lender.
What is interest?
500
A plan for spending money.
What is a budget?
500
R.J. Reynolds started a very successful company that sold this product in 1874.
What is tobacco?
M
e
n
u