Resources
A cow is an example of a ___ resource
Natural
What is another word for bartering?
Trade
A need or want?
A roof over your head while you sleep.
A need
Sammy went to the store with $10 and wanted to buy a cookie, a soda, and a pack of gum. When he added those items up, it came out to be $9. This is an example of...
A. Scarcity
B. No Scarcity
B. No Scarcity
A person who bags groceries is an example of a ___ resource
Human
Bartering or Money?
Jessica gives Matt an apple in order to receive an orange.
Bartering
A need or a want?
A coat to wear during winter.
A need
Jenna gathers beautiful flowers from her garden to give to each of her teachers for Teacher Appreciation Week. She has 4 teachers, but 10 flowers bloomed. This is an example of...
A. Scarcity
B. No Scarcity
B. No Scarcity
Resources that come from natural are called ___ resources
Natural
Bartering or Money?
A teacher tutors her student for $50 once a week.
Money
A need or a want?
A vacation to Disney World.
A want
A teacher has 10 pieces of candy for her class of 25 students. This is an example of...
A. Scarcity
B. No Scarcity
A. Scarcity
People working to produce goods and services are called ___ resources
Human
Paper bills, coins, or checks used to buy a good or service is called what?
Money
_____ are things people would like to have but do not need to survive.
Wants
Mrs. Smith's class has to decide to go on a field trip to the park or to the zoo because there is not enough time to do both. This is an example of...
A. No Scarcity
B. Scarcity
B. Scarcity
Goods made by people and are used to produce other goods and services are called ___ resources
Capital
What vocabulary word describes an exchange of a good or service for another good or service?
Bartering
_____ are things people must have to survive.
Needs
What is scarcity?
Scarcity is when resources are limited and we are not able to meet all of our wants or needs.