Economy Review

People choose the work they do based on what?

• a. bartering and selling

• b. geography and natural resources

• c. trading and specialization

• d. production and specialization

Tags

CCSS.RI.2.1

CCSS.RI.3.2

CCSS.RL.3.1

CCSS.RL.3.2

CCSS.RL.4.1

When a region cannot produce the goods they need, they can trade with other regions that have a _______________.

• a. surplus

• b. deficit

• c. need for the same goods

• d. better economic plan

Tags

CCSS.RI.3.2

CCSS.RL.2.2

CCSS.RL.3.1

CCSS.RL.3.2

CCSS.RL.4.1

What is the definition of economy?

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

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

• c. Economy is the exchange of goods in trade.

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

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

An economy based on the process of growing crops and raising animals is __________.

• a. tourism

• b. agriculture

• c. specialization

• d. industry

Tags

CCSS.RI.1.5

CCSS.RI.2.5

CCSS.RI.3.5

CCSS.RI.4.5

CCSS.RI.5.5

Agriculture depends on __________________.

• a. electricity

• b. the environment

• c. specialization

• d. tourism

Tags

CCSS.RI.2.1

CCSS.RI.3.2

CCSS.RL.2.2

CCSS.RL.3.1

CCSS.RL.3.2

Animals need climates that provide _____________ for them to live.

• a. food and water

• b. temperature and soil

• c. rainfall and soil

• d. soil and rock

Tags

CCSS.RI.3.2

CCSS.RI.4.2

CCSS.RL.2.2

CCSS.RL.3.2

CCSS.RL.4.2

What are services?

• a. types of economic activity including physical and virtual work people do for others

• b. types of economic activity including producing goods

• c. types of economic activity including the transportation of goods

• d. types of economic activity including the production of basic resources

One example of a service is ________________.

• a. growing a crop like peaches

• b. raising cattle for beef

• c. making a product like tires

• d. marketing and design

Tags

CCSS.RI.2.1

CCSS.RI.3.2

CCSS.RL.3.1

CCSS.RL.3.2

CCSS.RL.4.1

One example of a good is ________________.

• a. getting a haircut

• b. going to the doctor

• c. buying cupcakes

• d. having your car fixed

Tags

CCSS.RI.2.3

CCSS.RI.2.5

CCSS.RI.3.3

CCSS.RI.3.5

CCSS.RI.4.3

____________ need access to oceans, rivers, or roads in order to transport goods.

• a. Currencies

• b. Resources

• c. Factories

• d. Environments

Tags

CCSS.RI.3.2

CCSS.RI.4.2

CCSS.RL.2.1

CCSS.RL.3.1

CCSS.RL.3.2