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Unit 4 Social Studies

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  • Is food a want or a need?
    need
    want
  • Wants are...
    things that you would like to have
    things that you need to live
  • Income is important because....
    it helps you make friends
    it helps you pay for wants and needs
  • Income is...
    money you earn from working
    money you get for your birthday
  • A producer is someone who...
    teaches kids
    makes goods or services
  • If a phone a good or service?
    service
    good
  • A consumer is someone who...
    buys goods and services
    takes care of pets
  • A lot of people want ice cream. Is that an example of supply or demand?
    supply
    demand
  • We can be responsible by...
    saving and spending responsibly
    spending all our money on wants
  • Demand means....
    how much people want something
    how colorful something is
  • If someone does not buy anything with their money, it means they are....
    saving
    spending
  • One example of a natural resource is a...
    plant
    car
  • What is something you need to live?
    water
    candy
  • Is a baker a producer or consumer?
    consumer
    producer
  • When an item is on sale, it means it is...
    more expensive
    cheaper
  • A good is....
    when you do well at something
    an item that people buy
  • People get jobs because they need to...
    go on vacation
    earn money
  • If there is a high supply of umbrellas, it means that...
    there are a lot of umbrellas to sell
    the umbrellas are sold out
  • A service is....
    a place where you sleep
    work done by someone to help another person
  • Needs are...
    things that allow you to live
    things that are fun but not necessary
  • Natural resources are things that....
    things that people make
    are found in nature
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