Economics Examined
A Webquest Created by Melinda Snyder, SBTS 
Directions: First, please print this page. Then follow through the steps and activities below to complete your worksheet. When you are finished, hand in your paper to your teacher so that you can receive credit. As a final activity, open up Kidpiration and web all of the concepts you learned about. Don't forget that you can also include pictures in your web!
1. When people can't have everything that they want, scarcity occurs. What was scarce in the 1970's?
2. One of the most basic concepts of economics is want vs. need. What is the difference between the two? Provide an example of each and explain your examples.
A want is ___________________________________________________________________________.
An example of a want is _____________________________.
A need is __________________________________________________________________________.
An example of a need is _________________________________.3. Interdependence is the idea that you as a person depend on other people for certain things. Give an example of interdependence.
4. Learn more about opportunity cost and complete the activity below.
Here is the list of prizes. Pick out your prizes out of the list below. But remember you can't go over $150.00.
Big Screen TV-$120.00
Batting Cage Pass for a Year-$30.00
Round Trip Cruise to the Caribbean Islands-$150.00
Cd Player-$60.00
Heavy Winter Coat-$90.00
5. Learn more about goods and services and visit the Goods and Services Farm! List some goods and services.
Goods:
Services:
6. Visit a restaurant and think about the human resources needed to have a successful eatery. Then, list at least 3 on your worksheet.
________________________ ________________________ ________________________
7. Goods used to make other goods are capital resources. List 3 of these resources that Crayola uses to make crayons in their factory.
________________________ ________________________ ________________________
8. Natural resources are the resources we find in nature. After you look at the map, give several reasons why the resources listed are important.
Curator: Melinda Snyder
MJSnyder@fcps.edu
Last Updated
11/29/11