Money, Money, MONEY

1
Money, Money, MONEY!
First, lets talk currency

This economics mini-book was made by
2
Earning an Income

• An income is money you earn. You can earn an
  income by doing
• List three ways you can earn an income below
• 1.
• 2.
• 3.

You can pick some pictures to drag over.
3
Want or Need?

• Three examples of wants are
• 1.
• 2.
• 3.

Move over pictures to show whether they are needs
or wants.

Three examples of needs are 1.
2. 3.
4
Opportunity Cost

• You choose to buy and not a
  
• What is your opportunity cost?
• 2. You choose to buy and
  not a
• What is your opportunity cost?

Delete the picture that doesnt belong.

Delete the picture that doesnt belong.
5
Goods and Services

• Three examples of goods are
• 1.
• 2.
• 3.

Move over pictures to show whether they are goods
or services.

Three examples of services are
1. 2. 3. People specialize in these
jobs!
6
Producers and Consumers
Producers
Consumers
goods
goods
services
services
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Supply, Demand, and Prices
1. A bicycle store owner is not able to sell
any bicycles. Her supply is probably
Ring the correct choice for 1, 2, and 3
2. To sell more bicycles, the store owner should
make prices go


3. With lower prices, the demand for bicycles
will probably go
supply

• Oh no! If there isnt enough supply ( ) to
  meet demand ( ) ,
• then could occur.

Choose the word supply, demand, or scarcity for 4
demand
scarcity
8
Resources
Human Resources 1. 2. 3.
Capital Resources 1. 2. 3.
Natural Resources 1. 2. 3.
Drag over pictures to their proper category
9
Interdependence
is exported from Virginia
Drag over these two terms
Oil
Coal
is imported to Virginia
Type another sentence explaining the relationship
between Virginia and the rest of the world.
Hint, think about coal and oil.
Virginia and the rest of the world have an
interdependent relationship.