| A | B |
|---|
| Opportunity Cost | the best thing you give up to get something |
| supply | how much you have of something |
| barter | to trade by exchanging goods and services |
| demand | how much of something that is wanted or needed |
| interest | a charge for borrowing |
| scarcity | when there is not enough of something you want |
| investment | something you can use your money to buy that should increase in value |
| check | something you use to pay for things with the money the bank is storing for you |
| value | the amount of money something is worth, or the fair exchange of something |
| cash | paper money or coins that you have |
| choices | decisions between two or more things |
| coins | money made from metal |
| bank | a place to store or save money |
| credit | buying something and promising to pay for it at a later time |
| paper money | invented by the Chinese to take the place of coins |
| income | the money that you earn |
| human resources | recources found in people, such as their skills and their ideas |
| specialization | doing a certain job |
| interdependence | people depend on each other |
| goods | things people wnat that you can hold or touch |
| capital resources | goods that are used to make other goods or to provide services |
| services | things people do for other people |
| taxes | money collected by the government to pay for services |
| natural resources | the many things that nature provides that we use to satisfy our wants and needs |
| consumer | a person who uses a good or service |
| limited resources | not enough resources to satisfy our wants and needs |
| resources | things we use to satisfy our wants and needs |
| producer | a person who makes a good or service |
