Econ. Test Prep (Part Deux)

Front

Having less of a good or service than what is wanted or needed is called...

Back

scarcity

Front

Which of the following would be considered a human resource? sunlight, farmer, chicken, coal

Back

farmer

Front

Which of the following would be considered a capital resource?
- tools to break up the salt
- trader in a camel caravan
- water

Back

tools to break up the salt

Front

What is economy?

Back

It explains the way people make decisions on what goods and services to produce with the resources that are available to them.

Front

At lunch I see that you have twinkies. I have chocolate cupcakes with cream filling. You really like chocolate cupcakes. I really like twinkies. What should we do?

Back

We should exchange commodities (you know, trade).

Front

This is an example of...

Back

supply and demand.

Front

You had a process and made or grew something to trade, sell, or use. This is known as...

Back

production.

Front

What 2 things, besides goods, were spread along the Silk Road?

Back

Ideas and Culture

Front

The Punic Wars (Rome vs. Carthage) were fought mainly ...

Back

to control important parts of the Mediterranean Sea for trade and travel.

Front

Why did some empires expand more than others? (Compare the Roman Empire to China.)

Back

Places like the West Africa Empires and China had many geographic (natural) barriers to get past, which made it more difficult.