Chapter 4-Logan
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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| One effect of scarcity is that consumers are ________likely to have their needs and wants _________. | less
met
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| The map showing global trade, helps us to see that the U.S. plays an important role in global trade because of the number of _____________partners it has. | trading
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| If the supply becomes greater than the demand, the price of the product will __________. | fall
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| Trumpet lessons and babysitting are examples of ____________. | services
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| A good that is brought in from another place and sold in the U.S. is called an_____________. | import
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| We could predict that Lesson 1 will give examples of people's ____________ and __________because it tells us it will be about economies existing to satisfy their needs and wants. | needs
wants
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| If a family has to choose between buying a better car and taking a vacation, they must consider the ____________ __________ of the vacation. | opportunity cost
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| If the demand for a product increases, it will cause the business to ____________the price of the product. | raise
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| Video games and shoes are examples of _____________. | goods
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| The United States government and the people of the United States both _______________ and _______________goods and services. | produce
consume
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| A good that is shipped from the U.S. to another country and then sold there is called an _______________. | export
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| A woman who owns a business in which the government sets the prices operates in a ____________economy. | command
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| The difference between taking a guess and making a prediction is that a prediction is an __________guess based on certain ___________. | educated
clues
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| One effect of the price of a product decreasing is that consumers will have ________money to spend on other products. | more
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| Money is used instead of bartering because it can be traded for anything, it's easy to carry, it can be divided into smaller quantities, and it is ___________. | uniform
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| If the supply of a product is low and the demand for that product is high, then the price of the product will _________. | rise
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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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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:
Mrs. Logan
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