Specialization & Interdependence Review

Front

Why do people trade?

Back

To get things they need and want but do not have

Front

To focus and concentrate on the production of one item

Back

Specialization

Front

When citizens focused on one task, productivity increased.

Back

True

Front

All are benefits of specialization EXCEPT--- Only having to focus on a certain good, Being faster and more efficient, Trading with others

Back

Becoming self-sufficient

Front

The exchange of goods and services without the use of money

Back

Barter

Front

Mexico specializes in gold, silver, and oil.

Back

True

Front

People and regions specialize because ---

Back

they cannot produce everything they want.

Front

Which is an example of specialization of labor? Options: The principal, secretary, and nurse all work together in the school office., Alaska produces oil to trade for other goods., India is the largest producer of bananas., Brazil is known for growing citrus fruit such as oranges.

Back

The principal, secretary, and nurse all work together in the school office.

Front

Good or Service??? You take an airplane when you go on a trip.

Back

Service

Front

Good or Service??? You buy your mother a flower from a flower shop for Mother's Day.

Back

Good