Economics T/O

What is competition ?

• the quantity of goods that consumers are able to buy

• exactly where something is located

• rivalry to sell and buy goods and make the most profit

• the amount of money left over after cost

What is demand ?

• tools geographers use to study our planet

• the quantity of goods that consumers are willing to buy

• the quantity of goods that a producer is able to sell

• exactly where something is located

What is absolute location

• something that makes a place unique

• in general or close to something

• rivalry to sell goods

• exactly where something is located

What is the amount of money that is left over after all costs of production have been paid

• place

• profit

• demand

• competition

What separates the East and West hemisphere at 0 degrees longitude

• Equator

• Prime Meridian

Relative location is

• in general or close to something

• exactly where something is located

• something that makes a location unique

• tools geographers use to study the planet

What area of government tax dollars are used for Federal prisons

• State

• Local

• Federal

What tax dollars pay for teachers and State prisons ?

• local

• state

• federal

What economy if found in rural areas and trade is through bartering ?

• mixed

• command

• market

• traditional

What economy is driven by supply and demand ?

• command

• market

• traditional

• mixed