The amount of products or services that businesses provide.
Supply
100
When something is scarce there is a lot of it!
False- there is not much of it.
100
When is something scarce?
When there is not much of it.
100
Who helped teach farmers how to do new jobs? (doctors, nurses, the state government)
The state government
100
What is a product?
Something that is made by nature or by people.
200
Something that people would like to have.
Want.
200
Unlinke people, communities do not need to spend money.
False- communities spend money too. They get money by collecting taxes and spend money to provide government services.
200
What does free enterprise allow people to do? (hire others, choose certain products, start and run a business)
Start and run a business
200
What is a reson many people have for choosing their work? (it is work they enjoy, they need help with the work, it is work they do not enjoy)
It is work they enjoy
200
What is a producer?
A worker who grows or makes products.
300
A person who buys and uses goods and services.
A consumer.
300
A demand is how much consumers want to buy.
True.
300
What does business mean?
The making or selling of products or services.
300
What is work that is done for others for pay?
A service
300
What is a consumer?
A consumer is a person who buys and uses goods and services.
400
The making or selling of products or services.
A business.
400
2 examples of government services are policemen and firefighters.
True.
400
What are 3 examples of ways children can take part in free enterprise?
wash cars, rake leaves, care for pets, sell things they make etc.
400
What are children taking part in by washing cars, raking leaves, and caring for pets to earn an income? (free enterprise, goods, products)
free enterprise
400
What is an income?
Money that people earn.
500
Things that can be bought and sold.
Goods.
500
If something is scarce you can buy it for really cheap.
False- since there isn't a lot of the item, you will have to pay more.
500
______________ is something that people would like to have.
Want
500
How did the state government help tobacco farmers in North Carolina? (by teaching them how to grow other cops, by repairing farm tools, by giving them more land)