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Java Games: Flashcards, matching, concentration, and word search. |
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Geography, Review Vocabulary, 81-100
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| natural resources | gifts of nature that can be used to produce goods and services, includes trees, sunshine, soil, water, plants, animals, oil, coal, and metals. |
| human resources | people doing physical or mental work to produce goods or services; includes the health, strength, education, skills and talents of people. Examples include teachers, cooks, bus drivers, and carpenters, each with their special skills, knowledge and experience. |
| capital resources | goods made by people and used to produce other goods and services. Examples include tools, roads, bridges, factories, machinery, glue, lumber, chalk, rope, textbooks, and workbooks. |
| scarcity | the condition in which economic wants for goods and services are greater than the limited resources available to satisfy those wants. |
| opportunity cost | the next best (second-best) choice that is given up when a decision (choice) is made. Example: Pedro is buying lunch in the cafeteria. The choices are pizza, tacos, or a hot dog. Pedro likes all three choices, but he can only have one. He chooses pizza. His opportunity cost is his next best (second-best) choice, which is tacos. |
| goods | things that people make or grow that satisfy economic wants. They are tangible. Examples include food, shoes, cars, houses, and apples. |
| services | actions (jobs) that people do for each other; something that you cannot touch or hold; it is consumed at the instant it is produced. Examples include the actions of firefighter, mayor, police officer, teacher plumber, dentist, and hair cutter. |
| trade | the exchange of resources, goods, and services through barter or the use of money. |
| specialization | the act of producing a narrow range of goods and services that cannot meet all the economic wants of the community. |
| balance of trade | the equality in monetary value of goods and services exchanged between two countries. |
| imports | goods that a country brings into its borders through trade with another country. |
| exports | goods that a country sends to another country through trade. |
| interdependence | depending on one another for resources, goods, and services. |
| technology | includes skills, methods, tools, machines and other things used to perform activities. |
| developed nation | a modern country with a stable economy. |
| developing nation | a country in the process of creating a stable economy. |
| transportation | how humans or goods get from one place to another. |
| communication | the giving or exchange of information by writing, talking or other means. |
| conservation | a protecting from harm or decay; protecting from loss or from being used up. |
| region | an area that is set apart from others by its unique characteristics and features. |
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