Social Studies
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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What is scarcity | inadequate supply of resources
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What is goods? | things or items we use that are produced
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What is services? | a job done for someone else
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What is economy? | the careful management of producing distributing, and consuming wealth and resources
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What is natural resources? | these are found in the environment.
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What is market? | anywhere goods are sold or traded.
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What is capitol resources? | goods used to make other goods or provide a service.
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What is wages? | amount paid to an individual for services provided.
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What is consumer? | one who uses goods and services.
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What is labor resource? | people who work.
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What is econimc system? | system of organizing wealth and resources.
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What is Traditional Economy? | decisions are made based on how things have been done in the past.
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What is Command Economy? | The government makes the economic decisions and owns most of the property.
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What is Market Economy? | resources are owned by private citizens and economic answers come from the citizens paricipating in the economy
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What is Productive Resources? | natural resouces, labor/human resources, and capital resources
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What is renewable resources? | resource that can be replenished naturally
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What is non-renewable resources? | resources that can be depleted from the environment
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Other names for market economy | Capatalism, free market system, laissez-faire
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
halliegibb
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