| Vocabulary | More Vocabulary | Good or Service | Is it 'This' or 'That'? | Pot Luck! |
| 10 | 10 | 10 | 10 | 10 |
| 20 | 20 | 20 | 20 | 20 |
| 30 | 30 | 30 | 30 | 30 |
| 40 | 40 | 40 | 40 | 40 |
| 50 | 50 | 50 | 50 | 50 |
| Final Question | ||||
To bring in products and resources from another country to sell is an . . ?
To bring in products and resources from another country to sell is an . . ?
import
Someone who makes a product is called a . . ?
Someone who makes a product is called a . . ?
producer
The amount of goods offered for sale by a business is called . .?
The amount of goods offered for sale by a business is called . .?
supply
Money that is used to start or add to a business is called . . ?
Money that is used to start or add to a business is called . . ?
capital
The freedom to start a business and to make and sell for profit any product or service allowed by law is called a . .?
The freedom to start a business and to make and sell for profit any product or service allowed by law is called a . .?
free enterprise
To send a product or resource from one country to another to be sold is an . .?
To send a product or resource from one country to another to be sold is an . .?
export
A person who buys a product is called a . .?
A person who buys a product is called a . .?
consumer
The desire or need for a product or service is called a . . ?
The desire or need for a product or service is called a . . ?
demand
The exchange of one kind of product or service for another is known as . . ?
The exchange of one kind of product or service for another is known as . . ?
trade
A plan for using money is called . .?
A plan for using money is called . .?
budget
You went to Walmart to buy Easter candy. Did you get a good or a service?
You went to Walmart to buy Easter candy. Did you get a good or a service?
Good
Your mom takes you to the dentist to get your tooth filled because you have a cavity. Did you get a good or a service?
Your mom takes you to the dentist to get your tooth filled because you have a cavity. Did you get a good or a service?
Service
Your dad goes to Best Buy to purchase a new video game for your birthday. Does he get a good or a service?
Your dad goes to Best Buy to purchase a new video game for your birthday. Does he get a good or a service?
Good
Mrs. Giles pays $30 each week to have her lawn mowed in the summer. Does she get a good or a service?
Mrs. Giles pays $30 each week to have her lawn mowed in the summer. Does she get a good or a service?
Service
You call the florist to send flowers to your grandma who lives in California for her birthday. Did you get a good or a service?
You call the florist to send flowers to your grandma who lives in California for her birthday. Did you get a good or a service?
Service
Aden and Trevor want to buy 10 cans of soda. There are only 6 cans of soda left. Scarcity or No Scarcity?
Aden and Trevor want to buy 10 cans of soda. There are only 6 cans of soda left. Scarcity or No Scarcity?
Scarcity
Josie is hungry for some candy. She goes to the store and buys a bag of Snickers for $2.98. Barter or Exchanging Money?
Josie is hungry for some candy. She goes to the store and buys a bag of Snickers for $2.98. Barter or Exchanging Money?
Exchanging Money
Kaleb is eating lunch at school and runs out of carrot sticks. He gives Katie his grapes for some of her carrot sticks. Barter or Exchanging Money?
Kaleb is eating lunch at school and runs out of carrot sticks. He gives Katie his grapes for some of her carrot sticks. Barter or Exchanging Money?
Barter
Karis wants to bring bunny cookies for her class before Spring Break. She needs 25 cookies. Her mom says she baked 30 cookies. Scarcity or No Scarcity?
Karis wants to bring bunny cookies for her class before Spring Break. She needs 25 cookies. Her mom says she baked 30 cookies. Scarcity or No Scarcity?
No Scarcity
Payton just got a new Seattle Seahawk hat for her birthday. The product tag on it says 'Made in China'! Would the hat be an import or an export?
Payton just got a new Seattle Seahawk hat for her birthday. The product tag on it says 'Made in China'! Would the hat be an import or an export?
Import
Someone who starts and runs a business is called an . . ?
Someone who starts and runs a business is called an . . ?
Entreprenur
Why was Henry Ford able to sell more cars at a lower price?
Why was Henry Ford able to sell more cars at a lower price?
The assembly line helped him make cars faster and cheaper.
When planning a budget, what two things should you include?
When planning a budget, what two things should you include?
The money you earn and the money you spend.
If there is a great demand for the newest PS4 game and there is a low supply of it, what will happen to the price of the game?
If there is a great demand for the newest PS4 game and there is a low supply of it, what will happen to the price of the game?
The price will be very high!
Give three ways goods are moved around the world?
Give three ways goods are moved around the world?
Ships, Trains, and Airplanes
Because of the assembly line, Ford could now build a car in how many minutes? What restaurant stole Henry Ford's idea of the assembly line to help produce their food products?
Because of the assembly line, Ford could now build a car in how many minutes? What restaurant stole Henry Ford's idea of the assembly line to help produce their food products?
Henry Ford could build a car in 93 minutes. McDonald's stole Ford's idea of the assembly line.
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