Ch 7 SS working in our community

When Farmers watermelon crops have all died and are gone what will happen?

• Scarcity of watermelon

• An abundance of watermelon

• watermelon taste good

• recources

If a store has left over valentines candy what would they do?

• save them

• buy more valentines stuff

• Put it on clearance

• Increase the price

The value of something to someone

• opportunity cost

• needs

• wants

• value

What does import mean?

• To bring items from another country

• to send items to another country

• a car

• Important

The mailman, teachers and car repair people provide what to our community?

• money

• examples

• services

• kindness

What is considered a want?

• water

• Video games

• food

• clothing

what is considered a need?

• nike sneakers

• favorite t shirt

• Video games, water , candy

• Food, clothing , shelter

A human resource is considered what?

• Using a dog to help with something

• Using plastic to make an item

• Using material resources to make an item

• Using a person as a resource to make an item

What is an example of a capital resource?

• money

• products

• services

• good jobs

What is a producer?

• A farmer

• video gamer

• consumer

• refrigerator