unit 4 4 th grade social studies vocabulary
DESCRIPTION
Unit 4 4 th Grade Social Studies Vocabulary. Click here to go to begin. scarcity. Definition: not enough. yes. irrigation. no. Unlimited wants. Click here to go to the next question. no. Human resources. Definition: There are only certain amounts of resources. no. Limited resources. - PowerPoint PPT PresentationTRANSCRIPT
Unit 44th Grade Social Studies
Vocabulary
Click here to go to begin
no
no
yes
Definition: not enough
scarcity
irrigation
Unlimited wants
Click here to go to the next
question.
no
yes
no
Definition: There are only certain amounts of resources.
Human resources
Limited resources
mineralsClick here to
go to the next question.
no
yes
no
Definition: There is no end to the number of things people want and need.
scarcity
Unlimited wants
Human resources
Click here to go to the next
question.
yes
no
no
Definition: workers and their skills.
movement
Unlimited wants
Human resources
Click here to go to the next
question.
no
yes
no
Definition: Things in nature that people see as useful
Circular Flow
Natural Resources
IncomeClick here to
go to the next question.
yes
no
no
Definition: Things that are used to produce more goods and services
demand
economics
Capital resources
Click here to go to the next
question.
no
no
yes
Definition: when you make a choice, your opportunity cost is the second thing you want most.
Opportunity cost
economics
Capital resources
Click here to go to the next
question.
Yes
No
No
Definition: The study of how individuals and societies use their scarce resources to get goods and services
Income
Circular Flow
EconomicsClick here to
go to the next question.
Yes!
NO!
NO!
Definition: A system a society uses to answer the basic economic questions such as what to produce.
Economic
Demand
Economic System
Click here to go to the next
question.
no
yes
no
Definition: the kind of economic system we have in our country
producer
Market economy
profitClick here to
go to the next question.
no
no
yes
Definition: someone who makes goods or provides services
Producer
Market economy
profitClick here to
go to the next question.
no
no
yes
Definition: someone who buys goods or services
consumer
profit
producerClick here to
go to the next question.
no
yes
No
Definition: money or value gained
Definition
profit
consumerClick here to
go to the next question.
yes
no
no
Definition: consumers’ willingness and ability to purchase a good or service
economic
Capital resources
demandClick here to
go to the next question.
no
yes
no
Definition: the amount of product or service that is available for consumers to buy
economic
supply
demandClick here to
go to the next question.
no
yes
no
Definition: When businesses sell the same good or service
demand
Competition
exchangeClick here to
go to the next question.
yes
no
no
Definition: the consumer is king sinceconsumer decisions determine what is produced
Competition
exchange
Consumer sovereignty
Click here to go to the next
question.
yes
no
no
Definition: trading goods and services with others for other goods and services or for money
Human resources
Consumer sovereignty
exchangeClick here to
go to the next question.
no
no
yes
Definition: Workers and their skills.
Human resources
exchange
incomeClick here to
go to the next question.
no
yes
no
Definition: Money people earn by working.
Circular flow
income
Human resources
Click here to go to the next
question.
yes
no
no
Definition: the pattern in which goods and services and resources flow in the marketplace
economic
Capital resources
Circular FlowClick here to
go to the next question.
No!
yes
NO!
Definition: what people pay when they buy a good or service
Substitute goods
price
incentiveClick here to
go to the next question.
NO
YES
NO
Definition: A good that can be used in place of another good.
Incentive
Substitute Goods
PriceClick here to
go to the next question.
yes
no
no
Definition: rewards or penalties used to encourage people behave in predicable ways
consumers
sales
incentiveClick here to
go to the next question.
no
yes
no
Definition: when individuals, regions, and countries produce certain kinds of goods or services
groceries
specialization
Cell phoneClick here to
go to the next question.
Yes!
NO!
NO!
Definition: When the production of a good is broken down into many small jobs, each done by different workers.
Economic System
economic
Division of labor
Click here to go to the next
question.
yes
no
no
Definition: the amount of goods and services produced
Private goods and services
Public goods and services
productivityClick here to
go to the next question.
NO
No
Yes
Definition: A good that people in one country sell to people in another country
Export
Import
Public goods and services
Click here to go to the next
question.
no
No
Yes
Definition: a good that people in one country buy from people in another country.
Import
Export
EmployedClick here to
go to the next question.
no
Yes
no
Definition: A person with a job
import
employed
unemployedClick here to
go to the next question.
yes
no
no
Definition: A person who is jobless, looking for a job, and available for work.
Labor Force
employed
unemployedClick here to
go to the next question.
yes
no
no
Definition: people who are working or looking for work
unemployed
employed
Labor forceClick here to
go to the next question.
yes
no
no
Definition: Goods and services that are produced by a government.
productivity
unemployed
Public goods and services
Click here to go to the next
question.
yes
no
no
Definition: goods and services that are produced privately and sold to consumers
Private goods
sales
Private goods and services
Click here to go to the next
question.
no
yes
no
Definition: what people pay to a government in exchange for public goods and services
government
taxes
payClick here to
go to the next question.