United States and Canada Vocabulary

Front

What is the study of how people meet their wants and needs called?

Back

Economics

Front

What is the term for the cost of what you give up when choosing one option over another?

Back

Opportunity cost

Front

What is the desire for a particular good or service known as?

Back

Demand

Front

What is the amount of a good or service that is available for use called?

Back

Supply

Front

Who is a person or business that makes and sells goods or services?

Back

Producer

Front

Who is a person or business that buys or consumes goods or services?

Back

Consumer

Front

What is a domed house made from blocks of snow by American Indians in the Arctic called?

Back

Igloo

Front

What is a feasting and gift-giving ceremony in northwestern American Indian culture?

Back

Potlatch

Front

What is a portable, cone-shaped home made by American Indians who lived in the Plains?

Back

Teepee

Front

What is a home formed by bending the trunks of young trees and tying them together to make a round frame?

Back

Wigwam