Font size
WorksheetsTerm4_Geography review
Total questions: 85
Worksheet time: 49mins
When you want something you should ALWAYS get it.
True
False
things you would like to have but could live without
needs
wants
bank
Someone who provides a service or a good
Producer
Consumer
Capital resources
Supply
Productive resources supplied by nature are called
Division of Labor
Natural resources
Capital resources
Human resources
A limited supply of a good or resource
Producer
Productivity
Demand
Scarcity
An especially cold frost has damaged several orange crops in Florida. The effects to the demand and price will be:
The demand will stay the same and the price of orange juice will increase
The demand will increase and the price of orange juice will decrease
The demand will stay the same and the price of orange juice will decrease
Vocabulary word that describes the amount of goods or services available for use.
Incentive
Efficiency
Supply
Demand
What is a Good?
Things people do.
Things people buy.
Can a place provide both a good and a service?
Yes
No
What is an example of a service?
haircut
bread
Legos
Is a bookstore a place that provides goods, services, or both?
Goods
Services
Both
Is a hair salon a place that provides goods, services, or both?
Goods
Services
Both
What is a consumer?
Someone who makes something to sell?
Someone who buys a good or service?
A Lego master?
What is a producer?
Someone who buys a good or service.
Someone who provides a good or service.
A desk.
Lemons in a store is
goods
service
A dog walker is an example of a
good
service
Fire fighters put out a fire at your neighbors house. They are providing a ________.
good
service
Mecahnics, doctors, and teachers all provide _____.
goods
s'mores
services
ideas
Popcorn, sweater, hover board, and a book are all ________.
human resources
goods
sellers
services
The class made brownies to sell at a bake sale. The brownies are _____.
services
a present
goods
barter
What is a basic need?
hover board
shelter
Xbox
necklace
NEEDS are things we
don't really need but would like to have.
must have in order to survive.
Which do you NEED to survive?
Which is a WANT we would like to have but do not need to survive?
WANTS are things we
must have in order to survive.
would like to have but don't really need.
Air is a want.
Money is withdrawn directly from a checking or savings account.
Debit Card
Credit Card
Both
Each purchase is a loan that is repaid later.
Debit Card
Credit Card
Both
Consumers can purchase items now and pay for them later.
Debit Card
Credit Card
Both
A PIN (Personal Identification Number) is required to make a purchase.
Debit Card
Credit Card
Both
Interest may be charged but can be avoided by paying the entire balance each month.
Debit Card
Credit Card
Both
To avoid carrying cash, Ned pays for his lunch using this card. Each time he uses this card his checking account decreases. Which card did he use?
Debit Card
Credit Card
Both
When you use a debit card you are using __________.
the bank's money
your parent's money
your money
When you use a credit card you are using _____________.
Ms. Hillary's money
the bank's money
your money
If you make purchases on a credit card you have to _________.
pay the money back to the bank
write it in your checkbook register
ask your mom to pay the bill
The fee that credit cards charge customers for using their money is called ___________________.
rent
deposit
interest
Safer than carrying cash.
Debit card
Credit card
Both debit and credit cards
Using a person's own money is physical form.
Credit Cards
Cash
Debit Cards
Online Banking
_____________ is another word for trading.
Service
Bartering
Charities
Good
_____________ use money you give them to help others who are in need.
Bartering
Service
Good
Charities
When Chace pays $40 for Lego Blocks, He is bartering.
True
False
Advantage/s of Barter is/are _______.
flexible
non-monetary
both
An example of bartering is John paying $50 for a car truck. __________
FALSE
TRUE
Trading my cow for two bag of rice is a disadvantage in bartering called no fairness in trade. ______________
TRUE
FALSE
The exchange of goods without the use of money is defined as
Purchase
Barter
Exchange
Sell
What is the purpose of the text?
To promote about how to buy fried banana
To advertise about Fried Kepok Banana Sensation
To describe about how to make fried banana
To tell about fried banana
Fossil fuels include coal, oil, and natural gas. Fossil Fuels are classified as nonrenewable because they....
take millions of years to be replaced
require expensive equipment
can be found all over Earth's surface
provide much of the energy we use
Air can be used to make (a) which is a (b) resource.
What does the word "resource" mean?
Another word for money.
Something that a human makes.
Something that we can use and is valuable.
Something that comes from Earth.
What is a renewable resource?
A resource that is new
A resource that can be replaced, like wind, trees, etc
A resource that cannot be replaced, like coal, oil, etc
Energy from the Earth's heat
What is a nonrenewable resource?
A resource that cannot be replaced, like coal, oil, etc
A resource that is not new
A resource that can be replaced
Energy that is created from moving water
resources that if used wisely will not run out (water, trees, animals, etc.)
Renewable resources
water, coal, oil, gas, living things and land found in a specific place
Natural resources
resources that cannot be renewed easily (coal, oil, metals and jewels)
Nonrenewable resources
energy made from the sun's light
Solar energy
energy made from the Earth's heat
Geothermal energy
Which of the following are natural endowments
Land
Air
Water
All
All elements of nature that fulfil man's need are called
Resources
Backbone
Productivity
None
Value of natural resources can be Economic and Asthetic
True
False
Resources that are used in their raw form without much modification.
Natural Resources
Human Resources
All
None
The biofuel is an example of ______________
Renewable Resource
Non-renewable resource
The banana peel is an example of _________
Organic waste
Liquid waste
Recyclable waste
The sand is an example of ___________
Renewable resource
Non-renewable resource
Resources are divided in (a)
The wind is an example of __________
Renewable resource
Non-renewable resource
_____________ is any form of liquid residue that is hazardous for people or the environment.
Liquid waste
Solid waste
Hazardous waste
_____________:The useless and unwanted products in the solid state derived from the activities
Solid rubbish
Liquid waste
Hazardous waste
Factory workers are...
Natural resource
Labor resource
Capital resource
enterprise resource
Which factor of production does this picture show?
Natural Resources
Labor
Capital
Entrepreneurs
Which factor of production does this picture show?
Natural Resources
Labor
Capital
Entrepreneurs
Which factor of production does this picture show?
Natural resources
Labor
Capital
Entrepreneurs
Which factor of production does this picture show?
Natural resources
Labor
Capital
Entrepreneurs
Which factor of production does this picture show?
Natural resources
Labor
Capital
Entrepreneurs
Which factor of production does this picture show?
Natural resources
Labor
Capital
Entrepreneurs
Which factor of production does this picture show?
Natural resources
Labor
Capital
Entrepreneurs
Which factor of production does this picture show?
Natural resources
Labor
Capital
Entrepreneurs
Which of the factors of production is this?
capital
entrepreneur
land
labor
Which one is a need and not a want?
going out to eat
drinking a glass of water
going to the movies
luxury sports car
Which one of the factors of production is this?
capital
entrepreneur
land
labor
Which factor of production is this?
capital
entrepreneur
land
labor
This factor involves money, equipment, and tools and any items to produce goods and services?
capital
entrepreneur
land
labor
Land includes...
The "gifts of nature" or natural resources not created by human effort.
the tools, equipment, and factories used in production of goods and services
people with all their efforts and abilities
individuals who start a new business or bring a product to market.
