Economics
Presentation
•
Social Studies
•
4th Grade
•
Medium
Emilie Liebert
Used 559+ times
FREE Resource
5 Slides • 18 Questions
1
Economics
2
Opportunity Cost
What you're missing out on
MnMs or Skittles?
If you pick MnMs, your opportunity
cost would be Skittles!
3
A trade where everyone gets what they want!
At the store, buying apples you need makes you happy, and the store is happy with the money!
Some text here about the topic of discussion.
Voluntary Exchange
4
Specializing in one good or service so the worker or company gets really efficient at it.
Some text here about the topic of discussion.
Specialization
5
Supply and Demand
Supply is the product you have
Demand is how much that's wanted
More supply than demand: Surplus
More demand than supply: Scarcity
6
Multiple Choice
7
Multiple Choice
What is voluntary exchange?
Buying a good or service in exchange for money
Demanding a good or service
Having to choose between two thin
8
Multiple Choice
9
Multiple Choice
10
Multiple Choice
money paid to the government through income, sales, and purchase of property
taxes
goods
scarcity
human resource
11
Multiple Choice
Income set aside for unexpected expenses
savings
goods
services
producer
12
Multiple Choice
Using income for purchases, expenses, and debt
spending
savings
goods
services
13
Multiple Choice
The good or service that you give up when you make an economic choice is called _____________________.
opportunity cost
economic choice
economic interdependence
economic specialization
14
Multiple Choice
________________ are activities that satisfy people’s needs and wants.
Goods
Services
Needs
Wants
15
Multiple Choice
_____________ are things that people make or use to satisfy their needs and wants.
Goods
Services
Producers
Consumers
16
Multiple Choice
What is demand?
the amount of an item you have
how many people want your good/service
the money you have left over after you paid your bills
17
Multiple Choice
What is supply?
the amount of an item you have
how many people want your good/service
the money you have left over after you paid your bills
18
Multiple Choice
not being able to meet all wants at the same time
demand
supply
scarcity
19
Multiple Choice
A good made in the United States and sent to other countries
import
export
supply
20
Multiple Choice
a good made in another country and brought into the United States
import
export
supply
21
Multiple Choice
If the supply of a good is higher than the demand, what happens to the price?
stays the same
price increases
price decreases
22
Multiple Choice
What is a producer?
a person who gives goods away
things people would like to have
the exchanged of goods and services without the use of money
a person, company, or country that makes grows, or supplies goods for sale
23
Multiple Choice
What is a consumer?
a person who takes things
a person who purchases goods and services for personal use
a person who takes good away
the economic factors affecting the price, demand, and availability of a commodity
Economics
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