3rd SW CBA Review - Social Studies

____ describe the human effort, both physical and mental, used in producing goods and services.

How many questions are on the CBA?

The degree of wealth and material comfort available to a person or community

___is the study of how nations spend money, make money, make things and save money.

The factors of production are...

Getting a manicure is to _________ as nail polish is to goods. 

Countries depending one each other to get all the resources or goods they need. 

In the U.S. people can start their own business. This is an example of _____ (think Shark Tank)

Gross Domestic Product divided by the number of people who live in a country

___iswhen a good or service is not readily available and the demand for it outweighsthe supply.

In a Market Economy _______ make key economic decisions. 

The desire for goods.

The development of a world culture and the interdependence of the world's economies. 

_______ means you're connected/depend on each other.

How long will you have to take the test?

What is Mrs. Adams' favorite fast food?

_______ are goods produced and used to make other goods and services. 

In a command economy the ___________ is/are in command and decide everything.

Dollar amount of all goods and services produced in a country in a given year

What is our goal?