Economic / Vocabulary

What are the 4 factors of production?

what is your favorite type of graph

Demand is

Specialization means...

How can you collect data?

What type of graph is this?

What type of graph is this?

tools, equipment, and factories used to produce goods and services; a factor of production

What are some types of graphs that you can make?

Which vocabulary word means having too few resources to satisfy everyone?

What does a line graph do?

Study the graph. What could we investigate from this data?

Which graph is shown?

In the US, people make their own decisions. In other countries, the gov't makes the decisions

natural resources or "gifts of nature" not created by human effort; a factor of production

When there was a scarcity of eggs, many restaurants had to change their menus.

What type of graph is this?

Scarcity is when

Graphs are inaccurate and cannot show all the data

Which vocabulary word means an individual who creates goods or services

What are the different types of graphs?

What is economics?

Vocabulary: nearby places that share common physical or cultural characteristics.

Which vocabulary word BEST matches the picture?

Students in M. This is an example of:

Which question can be answered by this bar graph?

Which vocabulary word BEST matches the picture?

A service is...

What is data?

How can you organize your data?

How many factors of production are there?

Which factor of production is Elon Musk or Michael Dell?

Which vocabulary word BEST matches the picture?

Which vocabulary word means sending goods or services out of a country?

A mixed economy is where

Which vocabulary word means that nations concentrate on producing what they are good at?

Vocabulary: A 2D  flat object that shows a certain area.

Ms. Jarvis loves ice cream. But she also loves cookies. She has enough money for one. This is an example of

Learning about economics is ___________.

Supply is

The 4 Factors of Production are Land, Labour, Capital and Economy.