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
Where is Mrs. Collins favorite place to go?
What is a human resource?
+10 points for an example
Someone who does a job.
What is Mrs. Collins' daughter's name?
Quinn
What is our school named?
Central Manor 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?
What is Mrs. Collins' dog's name?
Barkley
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 Mrs. Collins' favorite color?
Blue
Define a Need
Something that you must have in order to survive.
What sport does Mrs. Collins coach?
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