Key Terms
Goods & Services
Natural Resources
Scarcity
Needs & Wants
100
Something you would like to have but you can live without is called a...
(need, want, or service)
A want
100
Does this worker provide a good or a service?
Service
100
What does NOT come from a tree?
(paper, desk, glass)
Glass
100
Jack is writing out valentines for his class. He has 26 friends, 28 valentines, 13 envelopes, and 30 chocolate bars. Which item is scarce?
13 envelopes
100
Megan saves her allowance to buy a new bike. What is she saving for?
(a need, a want, a natural resource)
A want
200
Food, water, and shelter are examples of...
(needs, wants, goods)
Needs
200
Is this a good or a service?
Good
200
What does NOT come from a cow?
(milk, plastic, ice cream)
Plastic
200
The second grade class is planning on doing planet research. There are 28 students, 22 books, 30 graphic organizers, and 29 pencils. Which item is scarce?
22 books
200
Mike uses his allowance to buy a sandwich for lunch. What is he using his allowance to buy?
(a need, a want, a natural resource)
A need
300
When a resource is scarce, there is...
(not enough of the resource, just the right amount of the resource, too much of the resource)
Not enough of the resource.
300
Does this worker provide a good or service?
Service
300
What is a natural resource you can get from a chicken?
Eggs
400
What is a natural resource?
(a factory machine, a worker, a resource that comes from nature)
A resource that comes from nature.
400
Does this store provide goods or services?
Goods
400
Which one of these is NOT a natural resource?
(cotton, apples, plastic)
Plastic
500
What is an income?
(money in the bank, money earned from working, something you want but can live without)
Money earned from working.
500
Does this store provide goods or services?
Services
500
Cereal comes from what natural resource?
(wheat, trees, chicken)
Wheat