Show:
True or False?
Show Me the Money!
Vocabulary
Resourcefulness
Final Jeopardy
100
Producers and consumers rely on each other in the economy
What is true?
100

A building where people's money is kept

What is a bank?

100

Lack of resources

What is scarcity?

100
Materials or substances that occur in nature and can be used for economic gain
What is a natural resource?
200
When there is a large demand for a good, the supply goes down
What is false?
200
Buying something and promising to pay for it later
What is credit?
200

A person's focus on one product or service

What is specialization?

200

Tools, machines, and factories used to produce goods

What is a capital resource?

300
The term 'budget' comes from the French word 'bougette' which meant 'little bag'
What is true?
300
Exchanging goods and services without using money
What is barter?
300
When faced with an economic choice, this is the thing you give up
What is opportunity cost?
300
A fireman is an example of this type of resource
What is a human resource?
500

Engineer-turned-economist R.W. Grant described capitalism as "The Incredible _____ _______" in his 1966 book of the same name

What is "The Incredible Bread Machine"?