Trees, water, and salt are examples of ________ resources.
What are natural resources?
100
Greece and Rome used this capital resource to trade goods across the Mediterranean Sea.
What is a ship?
100
A bike repair shop most likely specializes in _____.
What is repairing bicycles?
100
Salt, which was traded in Ancient Mali, is an example of a __________.
What is a good?
100
The choice among alternatives or possibilities
What is economic choice?
200
A hammer, shovel and truck are all examples of ___________ resources.
What are capital resources?
200
To get things people need and want but do not have, people must do this.
What is trade?
200
Buckets, paint, and brushes are most likely to be found in a business that specializes in __________.
What is painting?
200
Things that people make or use to satisfy wants and needs.
What are goods?
200
A boy has to decide between a video game and a toy when shopping with his mom. This is an example of _____________.
What is economic choice?
300
Road builders and ship builders are types of _________ resources in Ancient Greece and Rome.
What are human resources?
300
Ancient Romans are famous for building these that helped connect many people and enabled them to travel by foot or animal. These also made trade much easier.
What are roads?
300
Vegetables, fruit, and pasta are all items that would be found in a business that specializes in ___________.
What is food?
300
Activities that people use to satisfy wants and needs.
What are services?
300
Joe didn't have enough money to purchase a candy bar and a bag of chips. So, he decided to get the bag of chips. The candy bar was his ______________.
What is opportunity cost?
400
A ship made by the Ancient Romans is an example of a ____________ resource.
What is a capital resource?
400
When people or regions focus on producing specific goods and services; __________ is encouraged.
What is trade?
400
Virginia Peanut Company focuses on making only one product. This is called _________.
What is specialization?
400
Jack is a peanut farmer. Jack is a ________.
What is a producer?
400
The reason people make choices.
People cannot have everything they want.
500
A police officer, teacher, and bus driver all provide a service. They are also ___________ resources.
What are human resources?
500
Rome specialized in olive oil and Egypt specialized in wheat. Why did they depend on one another?
Both countries had goods the other wanted.
500
Specialization and limited resources require people to be ___________.
What is interdependent?
500
Ancient Greeks and Romans produced these goods.
What is pottery and ships?
500
Sara receives a $10 allowance each week for doing her chores. She decides to save her money for a new bicycle instead of spending it on ice cream. What is her opportunity cost?