Economics

Economics is...

• studying goods, services, and how people can get them.
• studying trees, bushes, and other plants.
• studying animals and wildlife.
• studying food, and how food is made.

Which of these is a good?

• Librarian
• Teacher
• Computer
• Mechanic

Which of these provides a service?

• Pumpkins
• Mailman
• Turtles
• Cars

Tags

CCSS.RI.2.1

CCSS.RL.2.1

CCSS.RL.2.2

CCSS.RI.1.1

CCSS.RL.1.1

The people who grow or create goods are called...

• producers
• consumers
• banker
• traders

Tags

CCSS.RI.8.2

CCSS.RL.9-10.2

CCSS.RL.8.1

CCSS.RL.11-12.2

CCSS.RL.7.2

The people who buy goods and services are called...

• producers
• consumers
• banker
• traders

Tags

CCSS.RI.9-10.5

CCSS.RI.8.5

CCSS.RI.7.5

CCSS.RI.11-12.5

CCSS.RI.6.5

Which of the following is a need?

• Crayons
• Video Games
• Basketballs
• Houses

Tags

CCSS.RI.2.1

CCSS.RL.2.2

CCSS.RL.2.1

CCSS.RI.1.1

CCSS.RL.3.1

If video games are not a need, what are they?

• a wish
• a dream
• a want
• a necessity

Tags

CCSS.RL.9-10.2

CCSS.RL.8.1

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.1

All people have the same wants and needs.

• True
• False

How do most people obtain goods or services today in America?

• Money
• Trading
• Bartering

I want to buy new shoes for $20. I only have $5. How can buy the shoes?

• Pay $5
• Save my money
• Trade my old shoes for the new shoes