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WorksheetsFoundations of Wealth - Videos 1 - 4 Review
Total questions: 12
Worksheet time: 5mins
What is the most basic type of economy called?
Substandard
Market
Subsistence
Commad
How many years ago does this story take place?
Million
10,000
100,000
100
What was the average age of people during this time?
20
30
40
50
What is the key to moving from a subsistence economy?
Work
Money
Knowledge
Surplus
What are the two divisions of labor?
Product
Planning
Partnership
Process
What is the correct term for division of labor?
Mechanization
Specialization
Experimentation
Expansion
The basic economy problem is that people always desire more things?
True
False
The Mason and the Carpenters did what for the villagers?
Built a bridge
Kept them safe
Made weapons
Made them furniture
What was the biggest problem with the common storage?
People put in more than they took out.
People took out more than they put in.
There were no problems.
It was located in the wrong place.
What happened in the marketplace?
Trade
Manufactering
Government
Entertainment
When people specialize they become more
effective
efficent
effervescent
emotional
Specialization will create
more goods
the same amount
fewer goods
It has nothing to do with production
