The Flow of Materials
The flow of materials includes sourcing, processing, transportation, distribution, and __________.
What is consumption?
A market economy is based on __________ and __________.
What are supply and demand?
True or False: The United States mainly has a command economy.
What is false?
These are things you can touch and use.
What are goods?
Match the term: The government controls what is produced and how.
What is command economy?
Getting raw materials from nature is called __________.
What is sourcing?
In a command economy, who controls what is produced and how?
Who is the government?
True or False: Both the U.S. and Cuba have market economies.
What is false?
Helpful actions people provide are called __________.
What are services?
Match the term: Physical items people buy and use.
What are goods?
Moving products from one place to another is called __________.
What is transportation?
A traditional economy follows __________ and __________.
What are customs and traditions?
Which economy is mainly controlled by traditions: market, command, or traditional?
What is traditional?
In a market economy, what does supply and demand decide?
What are prices?
True or False: Transportation is important in the flow of materials.
Answer: What is true?
Delivering products to stores or customers is called __________.
What is distribution?
The United States mainly has this type of economy: __________.
What is a market economy?
Which country has a command economy: Cuba or the United States?
What is Cuba?
A person who makes goods or services is called a __________.
What is a producer?
Who is the person who buys goods or services?
What is the consumer?
Raw materials are changed into finished products during the __________ stage.
What is processing?
Cuba is an example of a country with a __________ economy.
What is a command economy?
One similarity between the U.S. and Cuba’s economic systems is that they both aim to provide __________ and __________ for their people.
What are goods and services?
Goods brought into a country are called __________.
What are imports?
____________ are goods sent to other countries.
What is exports?