Changing the labor from man power to machines and other forms.
What is mechanization.
100
What is the priority for people living in a subsistence economy?
What is SURVIVAL?
100
someone who is responsible for a limited scope of responsibility;
What is a specialist
100
items that come from the earth that man makes into other products
What is natural resources
100
living below existence level
What is subsistence
200
What the villagers did with the surplus (shawls).
What is trade them.
200
list 3 sources of energy shown in the films
What is wind, water, fire, coal, uranium
200
the difference between DOL by product and DOL by process.
let your leader decide
200
what happened to productivity when DOL was implemented? Explain why.
What is increased - let your leader decide if you answer correctly.
300
Economics is about how we use ______ to make products.
What is RESOURCES?
300
the BASIC economic PROBLEM
What is scarcity -- unlimited human wants and LIMITED RESOURCES -- wants exceed resources --
300
Economics is about how we use to resources to....
What is create products?
300
a measure of how much is produced in a given period of time with limited resources
What is productivity
300
Tools and other products used specifically to create something else.
What is capital?
400
The purpose of any machine?
let your leader decide ~
400
“Through a mixture of _________________________ and ____________________________, the workers in the factory are
able to produce a huge surplus and exchange this for products made by other people.”
What is SPECIALIZATION and MECHANIZATION?
400
The 'secret' which enables a society to start improving its' way of life.
What is Division of Labor; or Creating a Surplus
400
What happens when the village members specialize:
Let your leader decide ~
400
When each family specializes in one product for the good of the village, this is...
What is division of labor by product
500
Explain the SUBSITENCE TRAP!
Let your leader decide if you are correct~
500
2 ways to increase production
1- use more resources; 2-use resources more EFFICIENTLY
500
the 2 basic economic questions:
What to produce? How much to produce?
500
The secret that would enable a society to start improving its way of life.
What is CREATE a SURPLUS
500
The bridge and the canal were examples of this. They were created for the use of the entire village.