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Chapter 11 Vocab Quiz

What are needs?
Things you must have to live.
Things you would like to have but do not need.
Not enough of something
What it is worth to a person
When there is a scarcity....
There is a lot of something
There is not enough of something to meet people's needs and wants to live
People are frightened
There is too much
If there is an abundance of something, this means that
There is not enough
Something is too big
There is a lot of something
It is something you need
Circle all the things you need:
Water
TV
Toys
Food
Shelter
Dogs
Phone
Circle all things you want
Water
TV
Toys
Food
Shelter
Dogs
Phone
What is a producer?
What is a consumer?
Goods are
Things that people make or grow and then sell
Work that one person does for another
Services are
Work that one person does for another
Things that people make or grow and then sell
Give an example of a service.
Give an example of a good.
What are the 3 types of resources?
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