Guess that term?
Human, natural and capital
What are economic resources?
The way things have always been done
What is traditional economic system?
What is a Good?
Apple makes a large supply of iPhone X's because of this.
What is demand?
Capital of Maryland
What is Annapolis?
A place or system where buyers and sellers can exchange goods/services
What is a market?
What is a market economic system?
Tools and Computers
What is capital resource?
During the wintertime, there are not a lot of vegetables due to the weather conditions.
What is Scarcity?
Name the world's largest ocean
People, businesses and nations depend on the goods and services of others to satisfy the needs/wants they cannot satisfy on their own.
What is interdependence?
The type of economic system with less opportunity
What is traditional economy?
In the United States, we use money as this.
What is currency?
A small number of crabs this season has driven the price of crabs up immensely. What relationship is this showing?
What is supply and demand?
Stefani Joanne Angelina Germanotta is better known to the music industry as....
Who is Lady Gaga?
What is specialize?
Economic System with more trade
What is market economic system?
The Ford Motor Company only focuses on producing automobiles.
What is specialization?
Paying $22,000 for a car.
What is price?
Wealth can be made or lost in this market where the government has some involvement.
What is Mixed Economic System?
Economic system with more competition
What is market economic system?
The total amount of human, natural and capital resources to make a car was $17,800.
What is cost/value?
Oranges are shipped from Florida to places all around the world.
What is interdependence?
The shortest war in history lasted _____ minutes
What is 38 minutes?
War: Anglo-Zanzibar War between United Kingdom and Zanzibar Sultanate.