Barter
Scarcity
Service
free enterprise
budget
Import
trade
Good
export
capital
Service
producer
Ships, Trains, and Airplanes
Service
demand
Good
The assembly line helped him make cars faster and cheaper.
import
The price will be very high!
No Scarcity
The money you earn and the money you spend.
supply
Exchanging Money
Entreprenur
consumer
When planning a budget, what two things should you include?
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?
Aden and Trevor want to buy 10 cans of soda. There are only 6 cans of soda left. 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?
Mrs. Giles pays $30 each week to have her lawn mowed in the summer. Does she get a good or a service?
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?
A person who buys a product is called a . .?
You went to Walmart to buy Easter candy. Did you get a good or a service?
The freedom to start a business and to make and sell for profit any product or service allowed by law is called a . .?
Money that is used to start or add to a business is called . . ?
Give three ways goods are moved around the world?
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?
Why was Henry Ford able to sell more cars at a lower price?
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?
A plan for using money is called . .?
Your dad goes to Best Buy to purchase a new video game for your birthday. Does he get a good or a service?
Someone who starts and runs a business is called an . . ?
The desire or need for a product or service is called a . . ?
The exchange of one kind of product or service for another is known as . . ?
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?
To bring in products and resources from another country to sell is an . . ?
To send a product or resource from one country to another to be sold is an . .?
Josie is hungry for some candy. She goes to the store and buys a bag of Snickers for $2.98. Barter or Exchanging Money?
The amount of goods offered for sale by a business is called . .?
Someone who makes a product is called a . . ?
