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Worksheets

Leap

Total questions: 15

Worksheet time: 15mins

Name
Class
Date
1.

Goods sold to another country for profit.

a)

Service

b)

Import

c)

Scarcity

d)

Export

2.

A raw material or energy source that replaces itself over time.

a)

Famine

b)

Service

c)

Good

d)

Renewable resource

3.

Every Wal Mart in the United States has more than enough eggs for the people who want to buy them there. This is an example of...

a)

Demand

b)

Surplus

c)

Scarcity

d)

Famine

4.

Economic systems are classified based on who controls the ...

a)

Factors of Production

b)

Exports

c)

Imports

d)

Prices

5.

When a US citizens calls a company to get customer support and they end up talking to someone in another country because they charge less to do the job, this is an example of:

a)

Import

b)

Export

c)

Outsourcing

d)

Diffusion

6.

When Farmers switch to a free-enterprise system, they are growing crops:

a)

to eat

b)

to use pesticides

c)

to give to the government

d)

to make a profit

7.

Which economic industry changes raw materials into finished products?

a)

Labor/service

b)

Agriculture

c)

Retail/Wholesale

d)

Manufacturing

8.

Which economic industry handles the products that are ready to be sold to consumers?

a)

Agriculture

b)

Labor/Service

c)

Retail/Wholesale

d)

Manufacturing

9.

Which economic industry involves the creation and collection of natural resources and raw materials?

a)

Agriculture

b)

Retail/wholesale

c)

Manufacturing

d)

Service/

10.

Which economic industry includes jobs like teachers, doctors and barbers?

a)

Agriculture

b)

Service

c)

Retail/Wholesale

d)

Manufacturing

11.

Something that comes from the earth and is used to make a product is called ...

a)

Good

b)

Resource

c)

Job

d)

Service

12.

How much of a certain resource or product is wanted.

a)

Resource

b)

Demand

c)

Export

d)

Scarcity

13.

Many business owners in Texas use both Spanish and English because :

a)

It's the law in Mexico

b)

Mexico is part of the US

c)

Many people Migrated to the us from Mexico

d)

It is polite

14.

Leap

a)

A) A sudden or abrupt change in a situation or condition

b)

B) A type of dance move

c)

C) A term used in economics to describe a market crash

d)

D) A historical event related to the French Revolution

15.

Leap

a)

A) A unit of measurement in ancient Rome

b)

B) A significant advancement in technology or society

c)

C) A traditional festival in Japan

d)

D) A type of government policy