Standard 2 Quiz World Geography

Which activity uses raw material resources?

What is the amount of product available for purchase?

In the Columbian Exchange, what did the America's receive?

Which activity is responsible for turning raw materials into a finished product?

A hair stylist or barber performs which type of service?

What is the practice of moving a business function performed in-house to an out side business?

Which system does the government own larger industries, but allows citizens some choices?

Which of the following would outsourcing be considered an example of?

Another name for a Market Economy is?

The study of how goods and services are produced, distributed and consumed is?

What occurs when individuals or companies focus mainly on one job?

What occurs when the demand for a product exceeds the supply of the product?

Which activity is best described as high-skilled or knowledgeable such as a scientist?

What is the point where supply equals demand, providing greatest profit?

Which of the following is an example of a communist nation?

Which activity provides services to people and businesses such as teachers?

Which economic activity makes trees into plywood?

What is the concept of the world is getting smaller or more connected?

What type of nation lacks industries, modern technology, money, and resources?

What is a mixed economy that features capitalism and a command economy?

If demand is greater than supply, what will happen?

Which activity is responsible for all service-related jobs such as waitresses?

What economy do people make goods for themselves with little surplus to sell?

What is the difference between the total value of goods imported and exported?

Which activity uses resources located at the business location?