Economy
Fill in the Blank
Classroom Economy and Government
Vocabulary
100

Trade

What is a traditional economy?

100
When demand for something is higher than supply __________ goes up!
What is Prices
100

What are you required to do each time you enter my class?

What is put on hand sanitizer?

100

What is Barter?

What is to trade?

200

Supply and demand

What is market economy

200
To make a _______ or a service, you need resources.
What is Good
200
If you want to share an answer you must __________.
What is Raise your Hand
200

the facilities and resources for producing goods.

What is Means of production?

300

I command you to produce red lunch boxes!

What is command economy

300
___________ Resources are resources found in people, like their skills and ideas.
What is Human
300

Located in a central location in the room, what changes  every day?

What is Quote of the day?

300

an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

What is Capitalism?

400

market and command economy combined

What is mixed economy?

400
The work that people do when producing goods is called __________.
What is Labor
400

We always start class with a ____________.

What is review

400

a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

What is Socialism?

500

Send (goods or services) to another country for sale.

What is Export?

500
A ___________ makes a good or provides a service.
What is Producer
500

Who is the GOAT teacher?

Who is Mr. Butler?

500

a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.

What is Communism?

M
e
n
u