1. 4th Grade Social Studies Ch. 1: Lesson 2-4

2. 3rd Grade Economics Vocabulary
Natural Resources Scarcity Opportunity Cost Region Renewable Resources Economy Non-Renewable Resources Specialization Capital Resources Conservation Human Resources

3. What do we call the system people use to produce goods and services?
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4. Economy

5. What do we call the things we use every day that come from nature such as water, gasoline, iron, air, and wood?
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6. Natural Resources

7. What do we call the protection and wise use of natural resources?
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8. Conservation

9. What do we call resources that can be replaced or renewed such as wood from trees and fisheries?
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10. Renewable Resources

11. What do we call an area that has one or more features in common?
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12. Region

13. What do we call resources in nature that cannot be replaced such as oil, iron ore, and copper?
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14. Non-Renewable Resources

15. What do we call what happens when people make the goods they are best able to produce with the resources they have?
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16. Specialization

17. What do we call a person and the skills he or she brings to a job?
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18. Human Resources

19. What do we call a tool, machine, or building that people use to produce goods and services?
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20. Capital Resources

21. What do we call the thing you give up when you decide to do or have something else?
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22. Opportunity cost

23. What do we call not having as much of something as people would like?
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24. Scarcity