Money and Choices
A plan for using money.
A budget
Producers provide these for consumers.
Goods and Services
Resources found in nature.
Natural Resources
God wants people to provide for themselves and care for others through this.
Work
Developed products from peanuts.
George Washington Carver
The fun given up when you choose another option.
Opportunity Cost
When prices go up, consumers buy less of these.
Goods
People and the work they do.
Human Resources
Christians should use resources this way.
Wisely
Hard work can help a business do this.
Succeed
Having a limited amount of something.
Scarcity
Countries exchange goods and services through this.
Trade
Tools producers use.
Capital Resources
Christians should be content with things they can afford. (True or False?)
True
Farmers earned more money because of this person's crop-growing ideas.
George Washington Carver
People cannot buy everything they want because they do not have enough of this.
Money
People who make goods or provide services are called these.
Producers
A farmer needs these resources to grow crops.
Natural Resources
Christians should give to churches and those in need. (True or False?)
True
Working at jobs that require special abilities.
Specialization
Christians make good money choices by learning what this says about money.
Henry Ford used this to make cars more cheaply.
Assembly Line
Daily Double
Name all three types of productive resources.
Natural Resources, Human Resources, Capital Resources
It pleases God when people are greedy and dishonest at work. (True or False?)
False
Daily Double
In the past, people often exchanged goods without money. This is called what?
Barter