9/11
When did the terrorist attack occur?
September 11th 2001
What is the term Ms. Georgia cannot pronounce and define it?
Scarcity- limited resources but unlimited needs and wants
When did Labor Day occur?
September 5th
What is income?
Money earned
What is the definition of economics?
the study of how people, businesses, and governments, make choices about how to use limited resources to meet their needs and wants
How many planes were hijacked?
4
What are limited resources?
are things we do not have unlimited amount of
Why do we celebrate Labor Day?
To recognize and honor American workers
What is savings?
Money you put aside to keep or spend later?
What is the GPD?
Gross Domestic Product
The total value of goods and services produced in a country
Which city had the World Trade Center? Think "Twin Towers"
New York City
What does opportunity cost mean?
The value of the next-best alternative you give up when making a choice
the first celebration of Labor Day happened in what city?
New York City
A building where people keep their money.
A bank
What is inflation?
A general increase in prices
What building was attacked in Washington D.C.?
The Pentagon
Define Macroeconomics.
the economy as a whole, such as a country or nation
Who was the President that named Labor Day as a national holiday?
Grover Cleveland
What is a good or product?
Something you can buy
What is a consumer?
A person who buys or uses something
A customer
Why do we remeember 9/11?
Honor and remember the people who lost their lives.
Remember the first responders
How our country came together
Define Microeconomics.
individual people, families, and businesses make economic choices
What color are you not supposed to wear after Labor Day?
White
What is a service?
When someone does something for you
What is a natural resource?
materials or substances that occur in nature and can be used for economic gain