Which discovery in 1848 led many people to move to California?
What is gold?
100
How did people barter to get the things they needed?
What is people traded goods and services they had for those they needed?
100
If they supply of a popular product is much less than the demand for it, what likely will happen to the price?
What is it will likely go up?
200
Why did many settlers move westward during the early 1800s?
What is to find more land?
200
What role did producers play in the economy?
What is they make goods or products to sell for a profit?
200
How are the regions of the United States interdependent?
What is they rely on one another for goods, services, and resources?
300
What might have drawn the first Americans to North America?
What is migrating herds of animals?
300
How does a business make a profit?
What is by setting the price for its good or service high enough to pay for its costs and to have money left over?
300
How does transportation help economically interdependent organizations?
What is it helps the interdependent regions get the resources they need?
400
What are three ways that people contribute to the nations economy?
What is learning skills needed for the workplace, producing goods and services, buying and selling goods?
400
In a free enterprise economy, a business operates on what system?
What is supply and demand?
400
Which of the following is an example of globalization?
1. Parts of a computer made all around the world.
2. Dairy farms in Wisconsin make ice cream from milk.
3. A local pizza restaurant holds a fundraiser.
4. Bob's Bike Shop is located on 321 Main Street.
What is parts of a computer made all around the world?
400
How did life in the U.S. change between the 1700s and 1800s?
What is most people lived in rural, farm areas. Industries grew in the 1800s. Many people moved to cities worked in factories instead of farms.
400
How has the U.S. economy evolved, or changed from a barter system to a global economy?
What is people used to barter and trade. Then they used stones and shells as money. Transportation and communication improved so businesses could sell their products all over the world?
500
What are three changes that occurred in the late 1800s?
What is industries grew near sources of raw materials.
Many people left farming to work in cities.
Railroads expanded across the country.
500
What might happen if a business makes more of a product than people want to buy?
What is the price of the product will likely decrease?
500
What are three factors that increased world trade?
What is globalization, communication, and transportation?
500
What advancements in technology in the late 1800s are seen in the United States today?
What is railroad linked the entire country, producing electricity, making steel, using natural resources to run engines?
500
How do both supply and demand affect the price of goods and services people buy?
What is as supply goes up, there are more products that need to be sold so the price goes down. As demand increases, people are willing to pay more for a product so the price might go up?