Resources and Economy Week 28

1. People choose the work they do based on what?

• bartering and selling

• geography and natural resources

• trading and specialization

• production and specialization

2. What is the definition of economy?

• Economy is an industrial site that is filled with machinery and where workers manufacture items.

• Economy is the wealth or resources of a country, state, or region.

• Economy is the exchange of goods in trade.

• Economy is the use of money and currency to do business.

3. An economy based on growing crops and raising animals is ________.

• tourism

• agriculture

• specialization

• industry

4. Agriculture depends on ____________

• electricity

• the environment

• specialization

• tourism

5. Animals in agriculture need climates that provide ________ for them to live.

• food and water

• temperature and soil

• soil and rock

• rainfall and soil

6. What are services?

• types of economic activity including physical and virtual work done for others

• types of economic activity including producing goods

• types of economic transportation of goods

• types of economic activity including the production of basic resources

7. One example of a service is ___________

• growing a crop like peaches

• raising cattle for beef

• making a product like tires

• marketing and design

8. ________ need access to oceans, rivers, or roads in order to transport goods produced through industry as well as provided power and electricity.

• currencies

• resources

• factories

• environments

An industry is an _______

• economic activity with the production of goods in factories

• economic activity with the production of servies

• activity involving marketing and entertainment

• activity involving transportation and public safety