• Jobs and Money• Stuff• Stuff• Stuff• To Make (Stuff)• To Make (Stuff)• (Category of) Jobs• Vacation• Buying and Selling• Sell (to other countries)• Buy (from other countries)• Money (from different countries)• Buyer/User• Oil• Coal, Oil and Natural Gas• Farming and Ranching• Watering• Animals• (Valuable) Rocks• Poor
What is the production, distribution, and use of resources, goods and
services?
Economics
Jobs and Money
What is anything that can be sold for a profit?
Goods
Products
Commodities
Stuff
What is making items to be sold called?
Manufacturing
Producing
Making Stuff
What are the buildings called where manufacturing or producing occurs?
Factories
What are an entire category of jobs called?
Industry
What is the entire category of jobs that provide services to customers
rather than producing products called?
Service Industry
Give an example of a service industry job.
• TeachersTeachers
• AccountantAccountant
• Waiter or WaitressWaiter or Waitress
• DishwasherDishwasher
• MascotsMascots
• etcetc
What industry makes money from people on vacation?
Tourism
What is a person on vacation
called?
Tourist
What is buying and selling of goods and services called?
Trade
What is selling goods to another country called?
Export
Exports exit the country
What is buying goods from another country called?
Import
Imports come into the country
What is money from different countries called?
Currency
What is a person who buys and uses goods, commodities or
products called?
Consumer
What is a simpler word for petroleum?
Oil
What are fuels formed from the prehistoric remains of plants and
animals that died millions of years ago?
Fossil Fuels
Coal, Oil (Petroleum) and Natural Gas
Name the three fossil fuels.
1. Coal
2. Oil (Petroleum)
3. Natural Gas
Do you put natural gas in your car?
No
Gasoline
What is gasoline made from?
Oil
Petroleum
Which fossil fuel is burnt whennon-electric stoves are used?
Natural Gas
What is farming and ranching called?
Agriculture
What is watering crops called?
Irrigation
What is the act of raising animals for food called?
Ranching
What are animals raised for food called?
Livestock
What are valuable inorganic (not alive
nor formed from living beings) materials found naturally in the ground
called?
Minerals
Give an example of a mineral.
Metals
Gold
Copper
Iron Ore
Zinc
Diamonds
What is the process of digging for minerals?
Mining
Is a carrot a mineral?
No
Carrots are organic (alive)
Minerals are inorganic (not alive nor formed from living beings)
What is the condition of being so poor so as to not have the means to afford basic human needs such as clean water, food, clothing, shelter,
health care and education?
Poverty
What are mandatory payments, usually a percentage, placed on income, property value, sales price,
etc for the support of a government?
Taxes
Why do we have to pay $1.07 for a soda that costs $0.99?
Sales Tax
1
Define economics.
The production, distribution, and use of resources, goods and services
Jobs and Money
What are goods, products or commodities?
Anything that can be sold for a profit
Stuff
What is manufacturing or producing?
Making items to be sold
Making Stuff
What are factories?
Buildings where manufacturing or producing occurs
What are industries?
Category of jobs
What are service industries?
Jobs that provide services to customers rather than producing products
What is tourism?
The industry that makes money from people on vacation
What is a tourist? Person on vacation
What is trade?
Buying and selling of goods and services
What are exports?
Goods which are sold to another country
What are imports?
Goods which are bought from another country
What is currency?
Money from different countries
What is a consumer?
Person who buys and uses goods/products/commodities
What is another word for Oil?Petroleum
Oil Wells
What are fossil fuels?
Fuels formed from the prehistoric remains of plants and animals that died millions of years
ago
Coal, Oil and Natural Gas
What are coal, oil and natural gas?
Fossil Fuels
What do you put in your car?
Gasoline
What is gasoline?
Fuel made from oil (Petroleum)
What is agriculture?
Farming and Ranching
What is ranching?
The act of raising animals for food
What is irrigation? Watering crops
What is livestock?
Animals raised for food
What are minerals?
Valuable inorganic (not alive nor formed from living beings) materials found naturally in the
ground
What is mining?
The process of digging for minerals
What is poverty?
The condition of being so poor so as to not have the means to afford basic human needs such as clean water, food, clothing, shelter,
health care and education.
What are taxes?
Mandatory payments, usually a percentage, placed on income, property value, sales price,
• Jobs and Money• Stuff• Stuff• Stuff• To Make (Stuff)• To Make (Stuff)• (Category of) Jobs• Vacation• Buying and Selling• Sell (to other countries)• Buy (from other countries)• Money (from different countries)• Buyer/User• Oil• Coal, Oil and Natural Gas• Farming and Ranching• Watering• Animals• (Valuable) Rocks• Poor
