Trading and Cost
The balancing of goods and services?
a. Import
b. Export
C. Trade
D. Good
Trade
When prices rise over time
a. Deflation
b. Trade
c. Inflation
d. Interdependence
Inflation
Kentuckys 3 biggest imports are
a. Bananas, Mangos, Chicken
b. Deer, Buffalo, Soil
c. Airplane Parts, Cars/Trucks, Cellphones
d. Cellphones, Mangos, Cars/Trucks
Airplane Parts, Cars/Trucks, Cellphones
The amount of something available to customers.
a. Good
b. Need
c. Supply
d. Consumer
Supply
Goods and services that are produced in one country and shipped to another country for sale.
a. Trade
b. Goods
c. Export
d. Import
Export
When prices lower over time
a. Deflation
b. Interdependence
c. Trade
D. Inflation
Deflation
What area do we get most of our food?
a. The Arctic
b. The Tropics
c. The Savanna
d. The Forest
The Tropics
When you purchase something that you would like but don't have to have to survive.
a. Need
b. Want
c. Good
d. Services
Want
Something brought in from an exterior source, especially for sale or trade.
a. Export
b. Import
c. Services
d. Trade
Import
Is the Mall a PUBLIC or PRIVATE PROPERTY
Public
When you have to have something to survive.
a. need
b. producer
c. want
d. consumer
Things that are made or grown and then sold.
a. Trade
b. Want
c. Supply
d. Goods
Goods
The amount of something available to customers
a. services
b. goods
c. trade
d. consumer
goods
Is a Library a PUBLIC or PRIVATE PROPERTY
Public
The reliance on each other to produce goods and services. It is the result of people specializing in one job.
a. Interdependence
b. Trade
c. Opportunity Cost
d. Specialization
Interdependence
When someone helps or does work from someone else.
a. Goods
b. Services
c. Need
d. Want
Services
A person who makes and sells goods and services
Producer
Is your House PUBLIC or PRIVATE property?
Private
Is when people focus on one job and get very good at it. Example: A school district has many different people with different jobs who specialize in one area.
a. Interdependence
b. Trade
C. Opportunity Cost
d. Specialization
Specialization
A person who makes and sells goods and services.
a. Consumer
b. Want
c. Producer
d. Need
Producer