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Culture. Economic Problems. Economic Wants. Production. Vocabulary. Budgeting. Economic Problem. Economic Wants. Production. Budgeting. Culture . Vocabulary. $100. $100. $100. $100. $100. $100. $200. $200. $200. $200. $200. $200. $300. $300. $300. $300. $300.
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Economic Problems
Economic Wants
Economic Problem Economic Wants Production Budgeting Culture Vocabulary $100 $100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 $400 $500 $500 $500 $500 $500 $500
What is culture? 1 - 100 $100
A group of people’s way of life. 1 - 100 $100
1-200 What is one way to learn about culture? $200
Television, radio, movies, texts, internet… 1 - 100 . $200
1-300 What do cultures Borrow from other Cultures? $300
Food, dance, clothing, music… 1 - 100 $300
1-400 Give one way that you could show respect to someone from another country. $400
Answers Vary: Introduce yourself Invite them to work with you Play with them at recess … 1 - 100 $400
Give 3 of the elements of culture. $500
Clothing Food Transportation Shelter Recreation Personal care Family Tradition 1 - 100 $500
2-100 1 - 100 The choice that is given up when a decision is made is the _________. $100
Opportunity Cost $100
2-200 When there is not enough of something there is a ___________. $200
Scarcity $200
2-300 What can you do to help solve an economic problem? $300
2-400 If one group wants to build a mall and another group wants to build a factory there is a scarcity of _______. $400
Space $400
2-500 Joanna chooses to go ice skating over bowling. The opportunity cost is ____________. $500
Bowling $500
1 - 100 A consumer is _______ $100
3-100A 1 - 100 Someone who buys goods and services $100
3-200 The money a person makes to buy goods and services is called _________. $200
3-200A 1 - 100 Income $200
3-300 An item that you buy and can consume or use is called a _______. $300
Good $300
3-400 Books, bikes, popcorn, tables, and cars are all examples of ___________________. $400
3-400A 1 - 100 Goods $400
3-500 When a person does work for another person it is a _______. $500
Service 1 - 100 $500
4-100 1 - 100 Resources such as eggs, wheat, and water are __________. $100
Natural Resources 1 - 100 $100
4-200 Resources that are used over and over are ___________. $200
Capital Resources. 1 - 100 $200
4-300 A baker or farmer is an example of a _____________. $300
Human Resource 1 - 100 $300
4-400 Human, natural, and capital resources are used to produce _____________. $400
Goods 1 - 100 $400
4-500 Name a capital, human, and natural resource that would be needed to produce a book. $500
Natural- woodCapital-a pen/printerHuman- an author/publisher 1 - 100 $500
4-500A What is a budget? 1 - 100 $100