Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
STUDY!!!!
questions and answer
| Question | Answer |
|---|---|
| Why is technology an important resource? | Technology can make it easier and cheaper to create goods. |
| In a free market, how do the forces of supply and demand balance each other over time? | he buyer and seller will agree on a price and amount that satisfies |
| Cuba has which type of economy? | command economy |
| The United States has what type of economy? | Market Economy |
| What happens when people barter | Goods and services are traded for other goods and services. |
| What is the goal of free trade? | a world market where people are allowed to choose what to buy and sell |
| scarcity- | the lack of a resource |
| supply | the amount of a good or service that a producer wants to sell |
| demand | the amount of something a consumer wants to buy |
| capital | money and goods used to help people make or do things |
| entrepreneurship | running a business and taking on the risks of that business |
| resources | something that is useful |
| Labor | the ability of people to do work |
| Capital | money and goods used to help people make or do thimgn |
| Entrepreneurship | the act of running a business and taking on the risks of that business |
| technology | the use of advanced methods to solve problems |
Created by:
sl028447
Popular Social Studies sets