a place or region where goods may be bought or sold.

the amount producers will make for a certain price.

the amount consumers are willing to pay for an item

to buy goods or services from other countries.

a building where workers make goods.

An assembly line is...

a team of workers who make a product by each doing one step.

to send goods to another country for trade or sale

Capital resource is...

the things made by people that help workers make products..

all the people & companies that sell similar goods/services.

the skills and hard work that people bring to their jobs.

someone who buys the goods or services sold by a producer.

studbud

S.S. Chap. 10 vocabulary

16 termsStudBud Administration392 plays

Communities and Trade

Flashcards16 cardsFPractice quizPHost liveL

Questions 16

Answers

1
Marker is...
someone who makes and sells goods
a place or region where goods may be bought or sold.
the amount that producers will make for a certain price.
all of the people and companies that sell goods or services.
2
What is a producer?
the amount consumers will pay for an item.
makes ans sells goods.
buys goods and services
a building where workers make goods.
3
Supply is...
a team of workers who make a product by each doing one job.
the amount consumers are willing to pay for a given price.
the skills and hard work that people bring to their jobs.
the amount producers will make for a certain price.
4
A producer will increase the _________ of goods if prices are high.
market
factory
demand
supply
5
Demand is ...
the amount consumers are willing to pay for an item
resources found in nature
the amount producers will make for a certain price
things made by people that help workers make goods.
6
Import is...
a team of workers who make a product by doing one step.
to send goods or services to other countries.
a building where workers make goods.
to buy goods or services from other countries.
7
If the price of a good is too high, the ________ may be low.
capital resource
market
demand
supply
8
A factory is...
a team of workers who make a product by doing one step.
all of the people and companies that sell goods or services
a place or region where goods may be brought or sold.
a building where workers make goods.
9
An assembly line is...
a team of workers who make a product by each doing one step.
a building where workers make goods.
all of the people and companies that sell similar goods.
to send goods or services to another country for trade.
10
Export means...
to send goods to another country for trade or sale
the skills and knowledge that people bring to their jobs.
to buy goods or services from other countries.
the amount that producers will make for a certain price.
11
Capital resource is...
the things made by people that help workers make products..
the skills and hard work that people bring to their jobs.
the amount that producers will make for a certain price.
someone who makes and sells goods.
12
Industry means...
the things made by people that help workers make products.
a place or region where goods may be bought or sold
the amount that consumers are willing to buy.
all the people & companies that sell similar goods/services.
13
Human resource is
a resource found in nature
the things made by people that help workers make products.
the skills and hard work that people bring to their jobs.
a team of workers who make a product by doing one step.
14
The _________ for a product is how much consumers are willing to buy.
consumer
producer
demand
supply
15
Both farmers and cooks work in the food __________.
demand
market
industry
producer
16
Consumer is...
someone who buys the goods or services sold by a producer.
the skills and hard work people bring to their jobs.
a building where workers make goods.
the person who makes and sells goods.

S.S. Chap. 10 vocabulary Flashcards | StudBud