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SS Chapter 10

Social Studies Chapter 10 Study Guide

QuestionAnswer
What does a producer do? make goods and provide services
What is free enterprise? the right of producers to sell what they want and consumers to buy what they want
When the price is high, producers usually make more things and provide more services
Name an example of a producer farmer, firefighter, eye doctor
People who make blue jeans need natural, human, and capital resources
Workers dye the yarn blue and weave it into cloth, then they cut the cloth into pieces and sew the pieces together
Each worker on an assembly line does one step and passes the product to the next person
Machines, roads, tools, and buildings are capital resources
Trade between the United States and China helps both countries by giving the people more choices and earning more money for companies
Importing gives consumers more choices and lets them buy some goods at lower cost.
The United States and other nations export goods and services because it helps them sell more of these things
True or False: Capital resources are the skills and hard work of people. false
True or False: Each worker on an assembly line completes just one step. true
True or False: A farmer who grows crops is one kind of producer. true
How does trading with another country help consumers? Consumers have more choices.
What is one type of product that China exports to the US? toys
Created by: grade3
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