SS Weeks 27 & 28

1. ___________________ occurs when communities and businesses focus on making one product or service to sell.

• Specialization
• Interdependence
• Trade
• Export

2. Which of the following is an example of specialization? ** CHOOSE THE TWO CORRECT ANSWERS.

• A store makes many different types of clothing.
• A bakery makes 10 different types of baked goods.
• A market sells only grain.
• A store sells fruits, vegetables, and grains.
• A farmer sells only soybeans.

3. TRUE OR FALSE: The United States has a free enterprise system.

• True
• False

4. What is an example of interdependence?

• A craftsman only makes wooden dolls.
• A country collects taxes to build new schools.
• A business buys flour to make and sell donuts.
• A person makes or grows everything they need.

5. _____________ are goods that are brought in from another country.

• Services
• Imports
• Exports
• Businesses

6. _______________ are goods that are sent out of a country to be sold.

• Services
• Imports
• Exports
• Businesses

8. TRUE OR FALSE: Trade occurs when a person gives a good to another person, and does not receive anything in return.

• True
• False

9. ______________ is anything a person or business owns.

• An import
• An export
• A business
• Private Property

10. ___________________ is an example of private property. **FILL IN THE BLANK

11. The price of a good or service depends on _________ and _________. **FILL IN THE BLANK.**