Lesson 3 & 4 Practice Test

The economy is

Economy is a system that

• deals with highs and lows of specialization

• has to do producing goods and services

• offers different goods and services

• is a system of producing

consumers can do all of the following EXCEPT

• buy goods and services

• affect the economy by what they buy

• shop for sales

• trade specializations

The act of buying and selling goods is defined as

Humans can negatively impact the environment by causing

Is erosion good, bad, or neither?