1-5
6-10
11-15
16-20
21-25
100
Sometimes trade is harder because of war, politics, or disagreements.
What is barriers?
100
An item which is produced, bought, or sold.
What is a product?
100
Goods sold from the USA to other countries.
What are exports?
100
Talents and skills that people have that allow them to provide services and produce goods.
What is labor?
100
A TV show that focuses on the risks taken by entrepreneurs.
What is Shark Tank?
200
Money and resources used to make products and services.
What is capital?
200
The study of how and why people make, buy, and sell things.
What is economics?
200
The amount of goods and services that producers make.
What is supply?
200
A task or job that a person or business performs for other people.
What are services?
200
A person or business that uses goods and services.
What is a consumer?
300
3. The surface of the Earth and the resources found in and on it.
What is land?
300
Goods from other countries brought to the USA to be sold or consumed.
What are imports?
300
It means to trade.
What is barter?
300
How people produce, distribute, and consume goods and services
What is economics?
300
One example is electronic goods purchased from Japan.
What are imports?
400
The amount of goods and services that consumers are willing to buy.
What is demand?
400
The ability of people to do work
What is labor?
400
Unlimited wants of people with only limited resources to fulfill those wants or desires means sometimes the supply runs out.
What is scarcity?
400
Any product that people make and use.
What is a good?
400
The term for land, labor, capital, and entrepreneurship.
What are 4 Major Resources?
500
A person or business that supplies goods and services to make a profit.
What is a producer?
500
I own my own business.
What is an entrepreneur?
500
The willingness of people to invest money on the development of a new product or idea.
What is an entrepreneurship?
500
The term that describes the people who are buying the goods.
Who are consumers?
500
These terms describe the low prices that buyers want and the high prices that sellers want.
What is supply & demand?
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