Worksheet Questions
What are wants and needs?
Wants are desires that people have that can be met by getting a product or service. Needs are basic requirements
How do we use natural resources?
We use natural resources to make the products or support the services that we want.
What has 13 hearts but no other organs
A deck of cards
What year was Narraguagus founded
1968
Who is Mr. Pattersons favorite NASCAR driver
Kyle Larson
Why are wants considered unlimited?
When thinking about everything we "want" it is a long list. So wants are considered unlimited.
Why do we have to make choices about goods and services we purchase?
Wants are unlimited, but resources are not.
What goes up but never comes down
Your age
What BOY has the 400 meter dash school record (They still go to Narraguagus)
Ripley Strout
Who is Mr. Pattersons favorite NFL player
Brock Purdy
What are labor and capital, and what is the relationship between them?
Labor is workers and their ability to manufacture products. Capital is the physical objects we use to manufacture products.
What is a trade off
When someone gives up one alternative good or service for another.
What 5 letter word becomes shorter when you add 2 letters to it
short
What GIRL has the 3rd best 800m run time in Narraguagus history (They still go to Narraguagus)
Alexa Johnson
Who is Mr. Pattersons favorite NBA player
Devin Booker
What is an opportunity cost
Is the cost of the next best use of your money or time when you choose to do one thing rather than another
Who makes trade-offs?
People, business's, governments
The 22nd and 24th president have the same parents, but they are not brothers. How?
Its the same person
What is Mrs. Bagley's title
Assistant Principal
What town was Mr. Patterson born in
Belfast
What economic problem does ever person, business, city, state and country face?
Satisfying their competing needs and wants.
What is an example of an economic decision you had to make?
yap
You walk into a room with one match, some newspaper, a candle and a bundle of firewood. What do you light first?
The match
Whose room do you see first when walking from the lunchroom to Mr. Pattersons room
What does Mr. Patterson have a degree in
Business