Buy Me
Name 3 wants and needs
answers may vary
True or False
You are a consumer
True
How can we stop scarcity?
Not buying everything at once.
When you have to give up something you want to do or get something else
Opportunity Cost
True or False
You should spend all of your money and never save it.
False
Name 3 things that are goods
answers may vary, but need to be things that they can touch
Producers are ____.
people who make a good or service for people to buy
Mrs. King has a son and his name is _____.
MAC
If I want a candy bar and a lollipop but I chose the candy car, The lollipop is ____.
opportunity cost
True or False
Saving a little of money each day adds up over time.
True
Name 3 things that are services
Hair Cut
Dog walker
Car Wash
House cleaner
Consumers are ____.
People who buy goods and services.
People must make _____ because of scarcity.
choices
What is a contest
When one person is chosen to get a good or service
Trade
When you go to school is your teacher providing a good or a service? Why?
Service, because____
When you buy something from target you are a _______.
consumer.
What is scarcity?
When there is not enough for everyone
What is First come-first service
whoever gets there first, gets the good or service first
True or False
Money has a set value
True
What is a good?
What is a service?
A good is something you can buy and physically touch
A service is something someone does for you
When you make bracelets for your friends to buy you are a ___________.
Producer
Give an example of scarcity.
answers may vary
What is majority rule
When people vote and the most votes win
What do people use money for?
Do not say to buy stuff
Goods and Services