Which of the following is Johnny's opportunity cost?
Johnny's score on his social studies test
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20
How were the baseball hat and the skateboard allocated? By Price, By Lottery, or By the Government
By Price
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thief
Give points!
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25
fairy
Take points!
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gift
Win 25 points!
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baam
Lose 25 points!
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5
True or False: A tax is money that people pay to help support the government.
True
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25
What phrase would complete the graphic? Consumers pay taxes to producers or Consumers buy the goods of producers
Consumers buy the goods of producers
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15
What is the name of the place where people buy and sell goods?
Marketplace
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25
Georgia grows a lot of peaches. Peaches do not grow well in Hawaii. Hawaii grows pineapples, but Georgia does not. How do the 2 states meet their needs?
The 2 states trade fruits with each other
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heart
Other team wins 20 points!
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seesaw
Swap points!
Okay!
shark
Other team loses 20 points!
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thief
Give points!
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20
Who benefited from this exchange?
Both Trish and Greg
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5
True or False: A town's police force is paid by the government with taxes.
True
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boom
Lose 50 points!
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fairy
Take points!
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rocket
Go to first place!
Okay!
lifesaver
Give 25 points!
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20
True or False: It is important that goods are made all over the word because it gives people access to goods that their community does not make.
True
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banana
Go to last place!
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magnet
Take 10 points!
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fairy
Take points!
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lifesaver
Give 10 points!
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20
True or false: Trade with other countries does not give American consumers more choices of what goods to buy.