Social Studies Unit 5 - Test

something people make or grow and sell

(pencil, bicycle, corn, etc)

a job that one person does for another person

(teacher, doctor, firefighter, etc)

the amount of a product that producers want to sell at different prices

(This year, the farmers in Vietnam can export more than 20 tons of rice to the USA)

all the money a person earns from a job orther places

(I have earned 10 dollars from the job of walking the neighbor's dog)

the decision to buy one thing rather than another

(I choose to buy a softball bat rather than two new CDs)

a machine, tool, or building that is used to produce goods and services

(examples: reaper, computer, truck, screw, hotel, etc)

trade between different countries

(Viet Nam and USA, Japan and USA, Korea and Vietnam)

goods that a country buys from another country

people choose what to produce and buy

good a country sells to another