Which one is it?
Healthy food to eat- Is it a want or need?
Healthy food is a need.
I use my debit card to buy new shoes- Trade or barter?
Trade (Money is exchanged for a good)
The most common way to pay for something is by using _________.
Money
A person who helps take care of animals when they are sick or hurt.
A veterinarian
What are the three types of resources?
Human resources, natural resources, and capital resources
iPad- Is it a want or need?
An iPad is a want.
I give my sister a piece of gum for her pack of skittles.
Barter (goods or services are exchanged for a different good or service)
A ________ is a business that keeps, exchanges, and lends money to people.
Bank
Someone who teaches students
A teacher
Water, soil, and wood are all examples of _________ resources? (human, natural, or capital)
Natural
A pumpkin- Is it a good or service?
A pumpkin is a good.
I give Johnny $20.00 to cut my grass.
Trade
Money that you earn from working a job is called __________.
Income
A person who picks up the garbage.
A garbage collector/sanitation worker
What is a human resource?
Getting your hair cut- Is it a good or service.
Getting your hair cut is a service.
Sam gives Sarah his baseball cards in exchange for her soccer ball.
Barter
Money that a person earns but does not spend is called a person's ___________.
Savings
Someone who delivers the mail
A mail carrier
__________ resources are useful materials that come from the earth.
Natural
A person who makes a product or provides a service- Are they a producer or consumer?
A person who makes a product or provides a service is a producer. A person who spends money to buy something is a consumer.
I write a check to pay my electric bill.
Trade
When a bank or someone lends you money, the money is called a _______.
Loan
A person who helps put out fires
A firefighter
Computers, tools, and money are all examples of ___________ resources.
Capital