A
This is something you need to buy in order to live.
Necessary good
True or false. Taxes can be used to build schools.
True.
True or false. Taxes are used to buy new cars for everyone.
False.
True or false. We should never worry about saving money. it is ok to spend all of our money.
False.
Things that are good ____________ usually cost more money, but they last longer.
Quality.
When we pay someone for something that they do for us it is called a ____________.
Service
The money we save is called___________.
Savings
True or false. Buying wasteful goods is good for the environment.
False
What does "Desire" mean?
This word means to want something.
This is something that tells you how long a good is safe to eat.
Expiration date.
This word means how good or bad a product is.
Quality.
True or False. When there is less of a good the price goes up.
True
Goods that we buy when we don't need them are called_____________.
wasteful goods.
What is a producer?
A company or person that makes goods.
Name one country we have talked about this quarter.
Thailand, Norway, Malaysia, Brazil, China
true or false. When there is more of a good the price goes down.
True
True or False. A "balance" is the amount of money we have left after we subtract our expenses.
True.
What country did we talk about when we learned about taxes?
Norway
Money we pay to the government is called_____________.
Taxes
What is a capital resource?
hint: money, land, natural resources
Something a company needs to make goods.
Name one good we talked about in class that was recalled because it was dangerous.
Ask M.Andrew.
What are certification marks?
These are symbols on a good that promise it is safe to use.
What is a consumer?
Someone who buys something.
something that we use from nature is called a ___________.
hint: oil, wood, gas, gold
Natural resource
Things we can buy are called ___________.
goods