Resources and Trade

Scarcity means ____________

• People have more than enough.

• People do not have enough of something.

• People want more and more things.

• People have everything.

Interdependence is a condition where ______________

• People satisfy their needs and want without help.

• People are free.

• People help or need each other to satisfy their needs and wants.

• People get everything with no scarcity.

The picture is an example for ____________

• Independence

• Scarcity

• Trade

• Interdependence

The picture shows scarcity of _____________

• Time

• Work

• Food

• Money

State whether the statement is true or false:

We have all of the resources we want and need.

• True

• False