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Economics Review
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Game Code: 1020814
English
23
Public
Personal Saving and Spending, Allocation of Goods and Services, Bartering, Scarcity, Opportunity Cost, and Juliette Gordon Lowe
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To keep or not spend money NOW, so the money can be used LATER
save
15
To trade or exchange goods and services for other goods and services
barter
15
To decide who gets something or to give out
allocate
15
Things or products made by others that we want or need.
goods
15
Things we can use to meet our needs or wants, like money, nature, people, and tools.
resources
15
The study of money
economics
15
When there are not enough resources to provide everything people need or want, we have
scarcity
15
Activities or jobs done by others that we want or need.
services
15
What you give up when you choose to buy or get something else
opportunity cost
15
To use or give up money to buy goods or services
spend
15
Name one good.
answers will vary
15
Name one service.
answers will vary
15
Name 2 goods.
answers will vary
15
Name 2 services.
answers will vary
15
If I get enough money, that is called.... (majority rule, price, first-come first-serviced, or force)
price
15
If I decide who gets a good or service because I'm in charge, that's called... (contest, lottery, authority, or sharing)
authority
15
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