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Social Studies Unit 3 Lessons 2 & 3 Flashcards | StudBud
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Social Studies Unit 3 Lessons 2 & 3
Social Studies Unit 3 Lessons 2 & 3
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Flashcards
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Questions
16
Answers
1
If the SUPPLY of an item goes DOWN, the prices...
stays the same
goes up
goes down
2
The number of people who want or need something is called
crowd
demand
whiners
3
When an item is scarce, the prices of the item goes _______, and it is ______ to find.
down, harder
down, easier
up, harder
up, easier
4
Goods produced and used to make other goods are
human resources
natural resources
capital resources
5
When an item is difficult to find or get
scarcity
scaredy
sanctity
6
States trade with each other for products they need.
False
True
7
The amount of something that is available
services
supply
goods
8
To give one item in return for something else
purchase
deal
trade
9
Trade affects your every day life.
False
True
10
When a store has too much of an item, what might it do?
Give it all away to the 100th customer
Put it on sale
Raise the price
11
The people who work for a business are
natural resources
human resources
capital resources
12
Some products that are in high demand today are...
smart phones, tablets, electronics
spaceships, rockets, sunlight
cars, certain toys, oil
13
Florida trades the __________ they grow for items like ________ and __________.
icicles, tomatoes and peaches
trees, oranges and onions
oranges, cheese and beef
14
When a crop is destroyed, the SUPPLY of that crop is...
high
low
delicious
15
What does Canada sell to the United States?
Niagara Falls
oranges
lumber
16
Materials found in nature that are useful or necessary to life are
natural resources
human resources
capital resources