Needs and Wants
Is a new game a need or a want?
Give an example of a good.
Corn, Grapes, Paper, pencils
Is a grocery store shopper a consumer or a producer?
Consumer
If there is a large supply of something what will happen to the price?
It will go down!
what is a natural resource?
+10 points for an example
a resource that we use, found in nature.
List 2 needs.
air, water, food, shelter
Give an example of a service provided in this school.
Cafeteria Worker
How many brothers and sisters does Mrs. Collins have?
1
What is a human resource?
+10 points for an example
Someone who does a job.
What is Mrs. Collins' dog named?
Barkley
What Penn Manor elementary school did Miss. Wissler go to?
Martic Elementary
Someone who buys something or uses a product.
It will increase!
What is a capital resource?
+10 points for an example
A resource that is made.
Define a want
Something that you do not need to survive.
What is someone who provides a service called?
How old is Miss. Wissler?
What does it mean if something is in high demand?
A lot of people want that product. The price of the product will increase.
What is Miss. Wissler and Mrs. Collins' favorite colors?
hint: they are the same
BLUE!
Define a Need
Something that you must have in order to survive.
How many brothers and sisters does Miss. Wissler have?
3
Define a producer
Someone who creates or sells something.
The day after Valentines day, will the cost of flowers increase or decrease?
decrease!
What is the money that people pay to the government called?
taxes