Chapter Two:  Our Economy

Lesson One:  What is Economics?

goods, service, economics, manufacture, needs, wants, human resources, capital resources, entrepreneur, producer, consumer, profit, incentive

Lesson Two:  We are all part of the Economy?

scarcity, opportunity cost, advertising, export, import, interdependence, specialization

Lesson Three:  Government and Economy

tax, income, fine, fee, public goods, public resources, budget

Students will be making notecards for each chapter.  It is encouraged that these notecards be reviewed several times a week so they are prepared for vocabulary quizzes.