| A | B |
|---|
| the amount of product people actually want or need | Demand |
| goods sent to another country to be sold | Exports |
| items you can use or consume to meet your needs and wants | Goods |
| goods that are brought in from another country | Imports |
| mutually relying on each other to get things done | Interdependence |
| the value of what you give up when you make a choice | Opportunity Cost |
| businesses owned by people and not the government | Private Enterprises |
| items you can buy from a business with your own money | Private Goods |
| goods paid for by taxes, not individual consumers | Public Goods |
| services provided by the government | Public Services |
| not having enough of something | Scarcity |
| work that you pay someone else to do for you | Service |
| the amount of product that is available | Supply |
| when there's a greater supply of something than a demand for it | Surplus |
| the buying, selling, or exchange of a good or service for something else you want or need | Trade |
| This helps the government provide goods & services to everyone | Sales tax |
| The name given to the region where corn is grown across the U.S. | Corn Belt |
| Low demand & high supply causes this | Lower cost |
| High demand & low supply causes this | Higher cost |
| Focusing on making one product really well. This creates interdependence | Specialization |
