| A | B |
|---|
| What is used to describe the exchange of goods and services without the use of money? | bartering |
| What term describes coins and paper bills used in the exchange for goods and services? | money |
| Peggy and Ben want to go ice-skating. If they clean out the garage, their mother will accept their chores as payment for the ice-skating. What is this type of exchange called? | bartering - trading services as payment |
| Not being able to meet all wants at the same time is known as ____. | scarcity |
| What term describes a person who uses goods and services? | consumer |
| What term describes a person who uses resources to produce or make other goods and or provide services? | producer |
| Which resource is a worker in a factory that builds chairs is called a _____. | human |
| A person who shops at the clothing store is called a _______. | consumer |
| At recess, the class has three playground balls for 21 students. This is an example of ______. | scarcity |
| When a person visits the dentist for a check up, the dentist is ________. | providing a service |
| The students made popcorn to sell at the fair. The popcorn is a ____ . | good |
| The study of the way the things people need and want are made and brought to them is called ____. | economics |
