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Defiition
This and That
Vocab
Which Word
Natural, Human, or Capital
100
The thing you give up when you buy something else
What is opportunity cost
100
A country's system of money
What is currency
100
When you buy a video game you are a
What is consumer
100
Potato chips do not make good currency because they are not _______
What is durable
100
pen
What is a capital resource
200
Anything used to produce goods
What is a resource
200
Trading without using money
What is to barter
200
On Valentines the supply and demand of Valentine candy are:
What is supply low and demand high
200
Boulders do not make good forms of money because they are not easily ______
What is portable
200
painter
What is a human resource
300
Making one kind of good or service
What is specialization
300
water, pants, peanut butter
What are needs
300
Nathan giving Ty a cookie in exchange for Ty giving Nathan some chips, is an example of
What is bartering
300
Cows do not make a good form of money because they are not easily _____
What is divisible
300
wood
What is a natural resource
400
To give money to a bank
What is deposit
400
hairspray, video games, car
What are wants
400
After Christmas the price of Christmas trees
What is will go down
400
When you borrow money from a bank, you have to pay them this
What is interest
400
gold
What is a natural resource
500
Depending on others to produce things that you need
What is interdependence
500
Not having enough of something
What is scarcity
500
haircuts, waiter, dance lessons, are examples of
What is a service
500
What happens to the demand for a product when it starts being advertised
What is the demand goes up
500
butter
What is a capital resource