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Unit 4 4 th Grade Social Studies Vocabulary Click here to go to begin Click here to go to begin.

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Presentation on theme: "Unit 4 4 th Grade Social Studies Vocabulary Click here to go to begin Click here to go to begin."— Presentation transcript:

1 Unit 4 4 th Grade Social Studies Vocabulary Click here to go to begin Click here to go to begin

2 Definition: not enough scarcity irrigation Unlimited wants Click here to go to the next question. Click here to go to the next question.

3 Definition: There are only certain amounts of resources. Human resources Limited resources minerals Click here to go to the next question. Click here to go to the next question.

4 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. Click here to go to the next question.

5 Definition: workers and their skills. movement Unlimited wants Human resources Click here to go to the next question. Click here to go to the next question.

6 Definition: Things in nature that people see as useful Circular Flow Natural Resources Income Click here to go to the next question. Click here to go to the next question.

7 Definition: Things that are used to produce more goods and services demand economics Capital resources Click here to go to the next question. Click here to go to the next question.

8 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. Click here to go to the next question.

9 Definition: The study of how individuals and societies use their scarce resources to get goods and services Income Circular Flow Economics Click here to go to the next question. Click here to go to the next question.

10 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. Click here to go to the next question.

11 Definition: the kind of economic system we have in our country producer Market economy profit Click here to go to the next question. Click here to go to the next question.

12 Definition: someone who makes goods or provides services Producer Market economy profit Click here to go to the next question. Click here to go to the next question.

13 Definition: someone who buys goods or services consumer profit producer Click here to go to the next question. Click here to go to the next question.

14 Definition: money or value gained Definition profit consumer Click here to go to the next question. Click here to go to the next question.

15 Definition: consumers willingness and ability to purchase a good or service economic Capital resources demand Click here to go to the next question. Click here to go to the next question.

16 Definition: the amount of product or service that is available for consumers to buy economic supply demand Click here to go to the next question. Click here to go to the next question.

17 Definition: When businesses sell the same good or service demand Competition exchange Click here to go to the next question. Click here to go to the next question.

18 Definition: the consumer is king since consumer decisions determine what is produced Competition exchange Consumer sovereignty Click here to go to the next question. Click here to go to the next question.

19 Definition: trading goods and services with others for other goods and services or for money Human resources Consumer sovereignty exchange Click here to go to the next question. Click here to go to the next question.

20 Definition: Workers and their skills. Human resources exchange income Click here to go to the next question. Click here to go to the next question.

21 Definition: Money people earn by working. Circular flow income Human resources Click here to go to the next question. Click here to go to the next question.

22 Definition: the pattern in which goods and services and resources flow in the marketplace economic Capital resources Circular Flow Click here to go to the next question. Click here to go to the next question.

23 Definition: what people pay when they buy a good or service Substitute goods Substitute goods price incentive Click here to go to the next question. Click here to go to the next question.

24 Definition: A good that can be used in place of another good. Incentive Substitute Goods Price Click here to go to the next question. Click here to go to the next question.

25 Definition: rewards or penalties used to encourage people behave in predicable ways consumers sales incentive Click here to go to the next question. Click here to go to the next question.

26 Definition: when individuals, regions, and countries produce certain kinds of goods or services groceries specialization Cell phone Click here to go to the next question. Click here to go to the next question.

27 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. Click here to go to the next question.

28 Definition: the amount of goods and services produced Private goods and services Public goods and services productivity Click here to go to the next question. Click here to go to the next question.

29 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. Click here to go to the next question.

30 Definition: a good that people in one country buy from people in another country. Import Export Employed Click here to go to the next question. Click here to go to the next question.

31 Definition: A person with a job import employed unemployed Click here to go to the next question. Click here to go to the next question.

32 Definition: A person who is jobless, looking for a job, and available for work. Labor Force employed unemployed Click here to go to the next question. Click here to go to the next question.

33 Definition: people who are working or looking for work unemployed employed Labor force Click here to go to the next question. Click here to go to the next question.

34 Definition: Goods and services that are produced by a government. productivity unemployed Public goods and services Click here to go to the next question. Click here to go to the next question.

35 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. Click here to go to the next question.

36 Definition: what people pay to a government in exchange for public goods and services government taxes pay Click here to go to the next question. Click here to go to the next question.


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