Week 25 Social Studies

How much of something is available for people to buy is called....

• Imports

• Trade

• Exports

• Supply

How many people want or need something is known as

• supply

• demand

• opportunity cost

• interdependence

Goods sent to other countries is known as an

• import

• bartering

• export

• scarcity

Goods brought in from other countries are called___________.

• imports

• souvenirs

• specialization

• export

The value of what you give up when you make a choice is also known as ________

• a decision

• opportunity cost

• surplus

• demand

When the supply of a good is more than the demand this is known as _____.

• surplus

• scarcity

When there is more of a demand for a product than there is supply this is called _____________.

• scarcity

• surplus

When people depend on each other to provide product that meets wants and needs this is known as _______.

• interdependence

• bartering

• specialization

• demand