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Economy and Regions Review

Total questions: 37

Worksheet time: 19mins

Name
Class
Date
1.

Money, buildings and equipment are____________

a)

natural resources

b)

capital resources

c)

human resources

d)

factors of production

2.

In our country's past, the main economic activity in our country was ________________________________

a)

working at McDonald's

b)

selling vacuum cleaners door to door

c)

agriculture

d)

renting out u haul trucks

3.

Land, water, minerals and fuel are__________________

a)

free

b)

not necessary for survival

c)

factors of production

d)

natural resources

4.

The amount of a product or service that people want and are willing to pay for is the _______________________________

a)

demand

b)

supply

c)

opportunity cost

d)

annual sale

5.

Workers are________________________

a)

personal slaves

b)

the supply

c)

Human Resources

d)

hard to find

6.

The amount of product or service that is available is the _____________

a)

leftovers

b)

on sale items

c)

trade off

d)

supply

7.

Capital, Natural and Human resources are called ________________________

a)

Factors of production

b)

free enterprise

c)

necessary

d)

profit

8.

The amount of money a business has left after it pays its bill is the _____________

a)

bank's money

b)

profit

c)

supply

d)

allowance

9.

All the selling, producing, and buying that people do; all of the ways people use resources to meet their needs is the ____________________

a)

free enterprise

b)

supply

c)

economy

d)

demand

10.

If economic activities have little government control, it is a ___________________________________

a)

a big wild mess

b)

time to take advantage of others

c)

economy

d)

Free enterprise econmy

11.

Nearly every state is divided into political regions called____________

a)

neighborhoods

b)

suburbs

c)

counties

d)

book clubs

12.

As cities grew,___________________ became a larger part of the economy. It is producing products in large factories.

a)

resources

b)

services

c)

factors of production

d)

manufacturing

13.

Our nation's capital is_________________________

a)

Lansing

b)

Washington State

c)

Washington D.C.

d)

Honolulu

14.

If you give up one thing to buy another you make a _________________

a)

the store managers happy

b)

mistake

c)

trade off

d)

good customer

15.

The United States is made up of _____________ states.

a)

32

b)

50

c)

52

d)

735

16.

When you make a decision to purchase an item in the store, or how to spend your time the thing you did not choose becomes your _____________________

a)

opportunity cost

b)

lost opportunity

c)

big mistake

d)

poor decision

17.

Answer True or false:

The federal government makes treaties or agreements between groups and/or countries.

a)

true

b)

false

18.

In a free market economy, people, not government own or manage the resources that businesses need.

a)

True

b)

False

19.

The federal government only represents people they like when dealing with other countries.

a)

True

b)

False

20.

The USA does not have a diverse economy.

a)

True

b)

False

21.

The USA has three levels of government: Federal, state and local

a)

True

b)

False

22.

The service industry makes up the largest part of our economy.

a)

True

b)

False

23.

Four out of every 5 workers in the USA have jobs in the service industries.

a)

True

b)

False

24.

The Governor is the head of the executive branch of city government

a)

True

b)

False

25.

When people buy and sell products made in other countries , they are part of the global economy.

a)

true

b)

False

26.

There are ten regions in the USA

a)

True

b)

False

27.

You live in the Northeast Region

a)

True

b)

False

28.

Click on the name of the region you live in

a)

Ann Arbor

b)

Midwest

c)

Michigan

d)

Southeast

29.

Click on the name of a region.

a)

Northeast

b)

Georgia

c)

Ypsilanti

d)

United States

30.

Click on the name of a region

a)

Westnorth

b)

The Upper Peninsula

c)

Southeast

d)

Toledo

31.

Click on the name of a region

a)

Eastern North

b)

west

c)

Montana

d)

down south

32.

Click on the name of a region

a)

Lansing

b)

Michigan

c)

out west

d)

Southwest

33.

Which state is located in the Northeast?

a)

London

b)

New York

c)

New Mexico

d)

Montana

34.

Which state is located in the west?

a)

Minnesota

b)

Maryland

c)

Connecticut

d)

California

35.

Which state is located in the midwest?

a)

Vermont

b)

Washington D.C.

c)

Michigan

d)

Alaska

36.

Which state is in the southeast region?

a)

Florida

b)

Ontario

c)

Wisconsin

d)

Paris

37.

Which state is in the Southwest region?

a)

Mexico

b)

South Carolina

c)

New Mexico

d)

Tennessee