Producers and Consumers

Molly sells animal feed to farmers.

How would you describe Molly?

• Consumer

• Producer

• Capital resources

• Natural resources

Oliver raises dairy cows on a farm.

How would you describe Oliver?

• Producer

• Consumer

• Import

• Export

Jessica buys milk from a farmer.

How would you describe Jessica?

• Producer

• Consumer

• Import

• Export

A large supermarket sells nine different types of apples. Only two types of apples are grown locally. Which statement about the supermarket’s supply of apples is most likely true?

• All of the apples were grown in other countries.

• Some of the apples were shipped in from other states.

• All of the apples were grown in the local community.

• None of the apples were shipped in from other countries.

Pioneer communities of the West grew their own food, raised cattle, and made other things to meet their basic needs. Which term best describes these pioneer communities?

• competitive

  (they compete with others)

• free market

  (anyone can open a business)

• self-sufficient

  (they produce what they need)

• interdependent

  (they rely on other communities)

Which statements about international trade are true?

For example, Japan sells cars such as Toyota and Mitsubishi to other countries.

South Korea also sells cars such as Hyundai and Kia to other countries.

Germany also sells cars such as Mercedez and BMW to other countries.

Choose the three correct answers.

• It creates more competition.

• It increases choices for consumers.

• It decreases the supply of products.

• It causes more resources to be used.

• It makes producers less interdependent.

Choose all examples of natural resources (gift from nature) from the list below. (pick two)

• fish

• captain

• water

• computers

Choose all the human resources from the list below. (pick two)

• captain of the boat

• fishing nets

• water

• barber

Choose all the capital resources from the list below.

• fish

• boats

• fishing nets

• sailor

There are lots of holiday ornaments still on store shelves the day after Christmas. What will happen to the price of the ornaments?

• The price of the ornaments will go up. (will become more expensive)

• The price of the ornaments will go down

  (will cost less)

• The price of the ornaments will stay the same.