Ol' McDonald Had a Farm
Manufacturing Businesses
The Global Marketplace
Supply and Demand
100
The farming business or the business of growing crops is called:
What is: agriculture
100
Producing goods from raw materials is called:
What is: manufacturing
100
This means the buying and selling of goods.
What is: trade
100
Daily Double: Who are the top 2 biggest trading partners of the U.S.?
Canada and Mexico
200
When the corn crops don't grow well and there isn't enough to sell to the grocery store it is called a:
What is: scarcity
200
Daily Double: True or False Detroit, Michigan is known for making computers because computers are the biggest export of the U.S.
What is: false; Detroit is known for making cars
200
Daily Double: The people in Detroit eat food grown in Pennsylvania. The people in Pennsylvania drive cars and trucks made in Detroit. They trade products within their own country. This is an example of ______
What is: Domestic Trade
200
The amount of goods that are available at any time are called:
What is: supply
300
The word "harvest" means to:
What is: gather or gather crops
300
Henry Ford forever changed the way cars were made by using this specialized system for manufacturing cars. This also made cars more affordable and more common.
What is: the assembly line
300
Daily Double: Starbucks serves coffee grown in Mexico and Mexico buys and uses computers made in the U.S. This type of trade is called:
What is: International Trade
300
How many people want the goods that are in supply is called:
What is: demand
400
Daily Double: true or false Fertilizers are used by farmers because they make the crops taste better.
What is: false; they kill weeds, help plants grow, and make harvesting faster.
400
In this place, where things are manufactured, high tech machines or robots work alongside people to make products people want or need.
What is: a factory
400
Daily Double: True or False Argentina makes leather boots and ships them out to other countries where leather products are not made. Argentina's leather boots are their biggest import.
What is: False; leather boots are their biggest export
400
Daily Double: After a very bad draught, tomato crops did not grow as well. How will this scarcity of tomatoes affect the price and why?
What is: the price will go up because there aren't enough tomatoes in supply to meet the demand of the people who want them
500
Daily Double: True or False A modern day farmer uses tools such as the Internet, a combine and tractors to run their farming business.
What is: true
500
Daily Double: They call this place "Motor City" because of its famous automobile factories.
What is: Detroit, Michigan
500
The U.S. buys wood from Canada, metal from Russia and oil from the Middle East. Are all of these products imports or exports?
What are: imports
500
Daily Double: When the PS2 first came out, it was brand new and not too many were available for sale but a lot of people still wanted one. Now that it is several years old and most finally people have one, less people want it. How does this affect the price?
What is: the price decreases because demand is lower now
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