1) What is an example of a good? What is an example of a service? 2) What do we call people who buy goods and services? 3) What does it mean to trade? 4) What is consumer demand? 5) What is a benefit? 6) Describe a market. What do people do there? 7) People buy goods that we need and want. What are some goods that we NEED?   8) What is a food bank? 9) A limited resource is something that is scarce. What does that mean? 10) Name some ways we can help people in need. 11) How and why do people save money? 12) What can you do if a certain item is a limited resource? 13) Name the 3 types of resources. 14) What is a cost?

Social Studies - Economics Review

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