Vocabulary | Explain | Bar Graph | Flow Chart | Extras |
---|---|---|---|---|
a need
Something people must have to live (water, food, clothing, shelter)
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when there is not enough of something
Scarcity
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June Bicycle Sales
What is the title of this bar graph?
|
4
How many steps does this flowchart have?
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a job
What is an occupation?
|
a want
Things people would like but don't need
|
exchange goods and services without money
Barter
|
19 bicycles
How many bicycles were sold altogether?
|
It shows the steps in producing orange juice.
What does this flowchart show?
|
how we spend money
What is a budget
|
a marketplace
A place where good and services are bought
|
money people earn
Income
|
5 bicycles
How many bicycles were sold week 2?
|
The oranges are picked.
What is the first step?
|
We would have fewer goods. Things might cost more money. We wouldn't have all the goods we have now.
What would happen if the USA could not trade with other countries?
|
trading
Exchanging one thing for another
|
someone who buys goods and services
Consumer
|
week 3
Which week had the most sales?
|
The juice taken to the market.
What happens after the oranges are squeezed?
|
A farmer grow their own crops and sell them. (P)
A farmer has to buy seeds and tractors. (C)
Explain how a farmer is a producer and a consumer.
|
free enterprise
The freedom to start and run a business
|
someone who makes, grows, and/or sell goods
Producer
|
week 1
Which week had the fewest sales?
|
It is bought at the market.
What happens after the juice is taken to the market?
|
You would have to word harder by growing or making food and clothes. You wouldn't have all goods (toys, computers, tv, etc)
How would your life be different if your family had to produce all of the goods it wanted?
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