Global
Goods that are bought in the market place and brought into a country is known as ___________________.
What is imports?
What is a computer or a desk classified as? Human Resource, Capital Good, or Natural Resource?
What is a Capital Good?
Being too full for dinner because of the candy bar you just ate is a ________________ consequence.
Future Consequence
How would you describe division of labor?
What is the whole amount of work is separated into tasks for certain people?
How much percent does a circle graph represent as a whole?
What is 100 %?
Because each country specializes in certain goods, each country needs to ____________ in order to get the resources they need for their people.
What is trade?
What is it called when people use their talents and skills to make a good or provide a service?
What is a Human Resource?
Getting to drive the car you just bought is a ______________ consequence.
Present Consequence
What is a negative or drawback to division of labor?
What is the workers become bored with their job, workers may make careless mistakes because of boredom and hold up other workers, workers can not easily fill in for other workers either.
What is it called when you display two sets of events on top and bottom showing the comparison amongst the events? What is the thing we had to make with your life events and world events?
What is a multi-tier timeline?
What is it called when regions or countries rely on each other for goods and services to meet each others needs? They are not independent nor dependent.
What is the countries have interdependence?
A tree or soil is classified as a __________________. It helps to make paper and provide a place for a factory to be built on.
What is a natural resource?
Having less money in your pocket than before due to you buying a candy bar is known as a _____________ consequence. (Present/Future)
Present Consequence
What is a benefit to division of labor?
What is the people know what job they are suppose to do, the people do their job more efficiently, they produce more goods, there is less waste.
Using the good is known as ________________. It begins with a "C". You do this every day in cafeteria at lunch time to the goods.
What is consumption?
Why do countries and regions want to specialize and trade? Give me one reason.
What is To earn money from selling their goods, to get a resource they are needing and don't currently have, and lastly to buy goods at a lower cost?
If a region or country has a lot of productive resources, they are said to have a ____________ ______________ capacity.
What is a high productive capacity?
What is it called when a person gives up something as a result of their decision? What is it called when a person gains something as a result of their decision? You must have both correct to get this question correct and receive all the points.
What is a cost? What is a benefit?
What is it called when a region or country works on making one good or a few goods to trade to another region or country?
What is specialization?
Why do you think the United States trades more with the countries of Canada and Mexico compared to the countries of Japan and China?
What is the countries of Canada and Mexico are closer geographically that the movement of goods and trading of goods is easier?
Those _______________ influence the __________ that develops in that country or region. For example: the available fish influence the amount of fishing you can do. What is fish? What is fishing? Must have both right to get all the points.
What is resources? What is industry?
What two things determine the productive capacity?
What is the amount of productive resources and the division of labor?
You have an old TV at home. You are thinking about buying a new TV for $200 or replacing the bulb inside for $50 because every once in awhile it is shorting out. What is a future cost to getting just the bulb?
What is the TV might short out again and the bulb need replaced?
These two words mean different things and are like the opposite. The words are production and consumption. What does each mean? Must answer both right to get all the points otherwise it is wrong.
What is production means the making of a good or doing a service? What is consumption meaning the using of a good or service?
What are some trading partners with the United States? Give 2. They must be right in order to receive the points.
What is Japan, China, Canada, and Mexico are trading partners to the US?