Economy
not having enough resources is called ...
scarcity
a hat is an example of a ....
good
Name one of the four characteristics of money
portable, durable, recognizable, or divisible
Jenny wants a new Barbie play house set but she does not have enough money in her piggy bank to buy it. She has a scaricty of time, money, or resources?
Money
if someone purchases a good or service they are called a what?
a buyer
a hairdresser is an example of a ...
service
If I have a $5 bill and break it down into $1 bills, what characteristic of money is that?
divisible
Katie wants to buy a soccer ball and a basketball but she only has $20 and each costs $15. She has a scarcity of which money, time, or resources?
money
people's wants and desires are _________ meaning they have no end
unlimited
something that people can make or use is a ...
good
I know what coins and $1 bills look like, what characteristic of money is that?
recognizable
Enrique wants to ride Tilt-a-Whirl, but the line in long and the park closes in 10 minutes. He has a scarcity of resources, money, or time?
time
limited
a person or business who uses a market to sell goods or services is called a ....
seller
I take money from my house to the store, what characteristic of money is that?
Timmy wants to have waffles, eggs and bacon for breakfast, but his bus arrives at 7 am. He has a scarcity of time, money, or resources?
Time
something that can be used to meet our needs and wants is called a ...
(hint: think of trees, oil, food)
resource
the buying and selling of goods and services is called ...
(title, production, import, or trade)
trade
I can wash my money by accident and it will not be destroyed, what characteristic of money is this?
durability
The community wants to build a community pool but they do not have any open land. They have a scarcity of resources, time, or money?
resources
the system of money in use in a particular country is called c______y
currency