Fast and Curious Week 3

What does the term "production" mean?

• The use of goods and services

• The act of making goods and services

• The act of supplying goods and services to a group or area

• The lack of resources to produce goods and services

Which term refers to the act of supplying goods and services to a group or area?

• Consumption

• Production

• Distribution

• Scarcity

What is the meaning of "consumption"?

• The act of making goods and services

• The use of goods and services

• The regulation of international trade

• The lack of resources

What does "trade barrier" mean?

• The act of supplying goods and services

• The use of goods and services

• The regulation or policy that restricts international trade

• People who rely on each other for survival or success

Which term describes the lack of resources to produce all the goods and services that are needed or wanted?

• Interdependent

• Scarcity

• Distribution

• Consumption

What does "interdependent" mean?

• The use of goods and services

• The act of making goods and services

• The regulation of international trade

• People, societies, or other groups who rely on each other for survival or success

Which term relates to how a country or community is governed, including the rules, leaders, and decisions that affect everyone?

• Social

• Economic

• Political

• Technological

What does the term "social" refer to?

• How people in a society interact with each other, including traditions, behaviors, and relationships

• Money, jobs, and the way people buy, sell, and trade goods and services

• Tools, machines, and inventions that make tasks easier or solve problems

• How a country or community is governed

Which term relates to money, jobs, and the way people buy, sell, and trade goods and services?

• Political

• Social

• Economic

• Technological

What does "technological" refer to?

• How people in a society interact with each other

• How a country or community is governed

• Money, jobs, and the way people buy, sell, and trade goods and services

• Tools, machines, and inventions that make tasks easier or solve problems