Third Grade Economics Cyberhunt

1.    Define want and need and give an example of each.

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2.    What is a good?  Give an example.

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3.    What is a service?  Describe a service that you could provide.

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4.    Your friend is trying to decide whether or not to buy a new shirt.  You can help your friend by listing 3 ideas that would help him or her with the decision.

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5.    Describe supply and demand.

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6.    What is scarcity?  Give an example.

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