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20
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What are goods? Give examples.
Products; things we sell and buy. For example: clothes, food, school supplies etc.
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20
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What are taxes?
Money paid to the government that is based on your income or the cost of goods or services you have bought.
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20
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What is supply?
Supply is the quantity of products being sold.
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20
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What are some characteristics of developed countries?
Higher quality of life, higher quality of services, a developed economy and great technological infrastructure, among others.
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25
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Give examples of factors that can change the price of goods.
The price of materials, the amount of products available (supply), the amount of people who want to buy it (demand), the cost of transportation etc
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thief
Give points!
5
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15
20
25
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star
Double points!
Okay!
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shark
Other team loses 25 points!
Okay!
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baam
Lose 5 points!
Oops!
20
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What is demand?
Demand is the quantity of people who want to buy a product.
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15
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What is exportation?
The activity of sending goods to another country in order to sell them there.
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baam
Lose 25 points!
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seesaw
Swap points!
Okay!
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fairy
Take points!
5
10
15
20
25
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thief
Give points!
5
10
15
20
25
15
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What is importation?
The process of bringing goods into a country from another country.
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25
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Give examples of things the government can improve using our taxes.
Public services such as: schools and universities, hospitals, parks, security, culture, street pavements etc
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20
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What are some characteristics of underdeveloped countries?
Lower quality of life, lower quality of services, underdeveloped economy and low/no technological infrastructure, among others.
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seesaw
Swap points!
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magnet
Take 10 points!
Okay!
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gift
Win 15 points!
Okay!
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lifesaver
Give 15 points!
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eraser
Reset score!
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magnet
Take 25 points!
Okay!
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gift
Win 25 points!
Okay!
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baam
Lose 5 points!
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×
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