Easy peasy
The 4 basic needs
Water, clothes, food, shelter
When you go to the store and buy chips, you are a...
Consumer
Not having enough of something
Scarcity
A loonie is...
The name of an 11-sided coin from Canada
Capital resources
Giving money to a bank
Deposit
When you borrow money from a bank
Haircuts, piano lessons, and a car wash are all...
Services
True or false: Canadian money is printed on plastic paper
True
Eggs are...
A natural resource
Trading without using money
Barter
Depending on others to produce things you need
Interdependence
Advertising makes demand for a product...
Go up/increase
True or false: The US is the only country to use dollars
False
A chef, and a baker are...
Human resources
Making one kind of good or service
Specialization
The thing you give up when you buy something else
Opportunity cost
Tea leaves aren't a good form of money because they aren't
durable
True or false: Mexican bills are different lengths to make them easy to tell apart
True
Sending things to another country
Export
Anything used to produce goods
Resources
A country's system of money
Economics
Giant rocks aren't a good form of money because they aren't...
portable
True or false: All of the countries in the Caribbean use the same kind of currency
False
Bringing things in from another country
Import