Economics Vocab - second grade

Question 1

When someone decides not to spend all the money they have, they are ______ some money.

Accepted Answer

saving

Question 2

A good that you must have to survive and stay healthy is a _______.

Accepted Answer

need

Question 3

These items would all be _______?

Accepted Answer

wants

Question 4

When a consumer uses a credit card or cash to buy a good, they are _________ money.

Accepted Answer

spending

Question 5

When you give someone a good in exchange for a different good, that is called _____?

Accepted Answer

trading

Question 6

Coal is mined from the Earth and used for power. It is an example of a natural _________.

Accepted Answer

resource

Question 7

A technician who fixes your computer is providing a __________.

Accepted Answer

service

Question 8

The items for sale in your local grocery store are ...

Accepted Answer

goods

Question 9

When I would like something, but it's not necessary for me to be healthy and survive, it's a

Accepted Answer

want

Question 10

When we buy goods at the store, we are ____________.

Accepted Answer

consumers

Question 11

Which answer gives two examples of human resources?

Accepted Answer

doctor, policeman

Question 12

This lady grows the food she sells, that means she is a _______.

Accepted Answer

producer

Questions 12