4th Grade Social Studies Ch. 1: Lesson 2-4

1. 4th Grade Social Studies Ch. 1: Lesson 2-4

2. 3rd Grade Economics Vocabulary Natural Resources Scarcity Opportunity Cost Region Renewable Resources Economy Non-Renewable Resources Specialization Capital Resources Conservation Human Resources

3. What do we call the system people use to produce goods and services? _______________________________

4. Economy

5. What do we call the things we use every day that come from nature such as water, gasoline, iron, air, and wood? ______________________________

6. Natural Resources

7. What do we call the protection and wise use of natural resources? __________________________

8. Conservation

9. What do we call resources that can be replaced or renewed such as wood from trees and fisheries? _______________________

10. Renewable Resources

11. What do we call an area that has one or more features in common? ___________________________

12. Region

13. What do we call resources in nature that cannot be replaced such as oil, iron ore, and copper? ___________________________

14. Non-Renewable Resources

15. What do we call what happens when people make the goods they are best able to produce with the resources they have? _________________

16. Specialization

17. What do we call a person and the skills he or she brings to a job? ________________________

18. Human Resources

19. What do we call a tool, machine, or building that people use to produce goods and services? __________________________

20. Capital Resources

21. What do we call the thing you give up when you decide to do or have something else? _____________________________________

22. Opportunity cost

23. What do we call not having as much of something as people would like? _______________________

24. Scarcity