Economy
What is economics?
The study of how, when or why money is used for earned
Human
What are taxes?
Money charged on goods
Money taken out of paychecks by the government
These are free to everyone, public or private services?
Public services
What is bartering? Is it still used?
The trading of goods
No!
Is a computer a human, natural, or capital resource?
Capital resource
What are two things our tax money can be used for?
Roads, public schools, ect.
Private resources
Why do people move away from small towns?
To get more/different opportunities.
Bigger cities offer more
Human duh
What is a good?
A item you purchase
These are proved by the government... private or public resources?
Public resources
When people move away from a town, how is the economy affected?
Usually this makes stores and shops shut down
Is water a human, natural, or capital resource?
Natural!
What is a service?
Something that is done by a person
What is a cost-benefit analysis?
Weighing the pros and cons when decision making
What is an example of a fair trade?
An apple for a log, ten tickets for a sticker (etc.)
Is a screwdriver a human, natural, or capital resource?
Name another type of resource in the resource you answered.
Capital
Bulldozer, etc.
Is walking your dog a good or a service?
Service
What is pros and cons?
The good and the bad ideas you take into account when making a decision