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Vocabulary: Economic Regions of U.S & Canada

Total questions: 10

Worksheet time: 8mins

Name
Class
Date
1.

Boston is an important center of _____________________ research.

a)

biotechnology

b)

manufacturing

c)

free enterprise

d)

economy

2.

Canada's government plays an important part in the increased value of goods & services produced. What vocabulary term is being described?

a)

knowledge economy

b)

supply

c)

economic growth

d)

free enterprise

3.

Stock buyers measure this to determine how well a company is doing.

a)

stock

b)

supply

c)

knowledge economy

d)

profit

4.

In this type of country people enjoy a high standard of living & have access to health care, education, & consumer goods.

a)

free enterprise

b)

developed nation

c)

knowledge economy

d)

biotechnology

5.

People that own this own shares in a company & share in profits.

a)

stock

b)

demand

c)

supply

d)

knowledge economy

6.

Industries such as biotechnology, communication technologies & aerospace are examples of what?

a)

demand

b)

stock

c)

knowledge economy

d)

developed nation

7.

When this is high, price is usually higher.

a)

supply

b)

demand

c)

profit

d)

stock

8.

If the product is scarce or small the price rises but if there is a large amount of product then the price usually goes down.

a)

supply

b)

demand

c)

stock

d)

profit

9.

People decide what to make, how much to make & how much to charge in this economic system.

a)

economic growth

b)

developed nation

c)

knowledge economy

d)

free enterprise

10.

10. How does the United States economy work? Give two examples to support your answer.

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