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WorksheetsSocial Studies Review Week 30
Total questions: 19
Worksheet time: 17mins
The exchange of goods and services for other goods and services.
(a)
Goods that one country buys from another country.
(a)
The difference between cost and selling price when the selling price is higher.
(a)
Goods that one country sells to another country.
(a)
To take a chance on losing something.
(a)
The exchange of goods and services for other goods and services.
(a)
Another business that can take away some of your customers.
(a)
true or false
People can choose products based on price, suitability, looks or quality.
(a)
true or false
Most of the goods we buy today are made in China.
(a)
true or false
Saudi Arabia exports a large variety of dates to other countries.
(a)
true or false
When supply increases, prices go down.
(a)
true or false
A person who buys and eats burgers is a producer.
(a)
Prices drop when...
supply decreases or demand increases
supply increases or demand decreases
not making money
making money.
Prices rise when...
supply decreases or demand increases
supply increases or demand decreases
not making money
making money.
Profit is...
supply decreases or demand increases
supply increases or demand decreases
not making money
making money.
Loss is...
supply decreases or demand increases
supply increases or demand decreases
not making money
making money.
The price a consumer pays.
(a)
true or false
A person who buys and eats burgers is a producer.
(a)
true or false
A successful business makes a profit not a loss.
(a)
