y
Wild white-tailed deer are an example of this property resource
What is a land resource?
Steve Harvey directing Family Feud
What is labor?
A cow on a dairy farm
What is a capital resource?
Thomas Edison creating the lighbulb made him...
What is an entrepreneur?
Food water and _____ are biological needs
What is shelter?
The dentist sells you toothpaste after a teeth cleaning. The toothpaste is an example of...
What is a Good?
A dentist providing you with a teeth cleaning is an example of...
What is a service?
Purchasing an Apple Music subscription makes you a ___ of Apple Co.
What is a consumer?
Choosing McDonald's over eating something at home when you're hungry is an example of
What is a want?
Having a lock on your front door satisfies your ___
What are societal needs?
At the end of the game Life, each player adds up their ___ to see who wins
What is wealth?
The structure of methods and principles a society uses to produce and distribute goods and services is a ___
What is an economy?
The decision to get a burger over a salad is an example of
What is opportunity cost?
At the corner of Wyoming Springs and 620, the CVS and the Walgreens are in ___ with each other
What is competition?
A location in which producers and consumers can engage in the act of exchanging goods and services
What is a market?
When stranded in the desert, a bottle of water would have more ___ than a treasure chest
What is value?
For Mrs. Wetzig, her favorite ice cream has a high ___.
What is utility?
A sound cloud rapper decides to go to college instead of continuing his rap career, what is it that they're experiencing?
What is a trade-off?
A small business owner will buy lower-priced materials and sell the product for a high price because they have ___
What is profit motive?
A company that sells graphic tees will have more profit if they use cotton shirts instead of polyester. They choose to use cotton because of the financial ___
What is incentive?
The making of a Shein shirt, with quick creation of mass quantity and high profit for the producer, is an example of ___
What is productive?
A strawberry farmer is a _____ in relation to a wedding cake designer baking a strawberry shortcake for an event
What is a producer?
The increased quality in both usage of resources and technology between the Model T car and Tesla's Model S is an example of ____.
What is economic growth?
The shopping center next to RRHS houses a sandwich shop called Hoody's. The existence of this privately owned business demonstrates this economic system
What is Free Enterprise?
With the abundance of oil continuing to diminish, we are making new alternatives due to the demand for oil. This is an example of a solution to ___
What is scarcity?