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TOPIC 1 LSN 5-7 STUDY GUIDE Flashcards | StudBud
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TOPIC 1 LSN 5-7 STUDY GUIDE
TOPIC 1 LSN 5-7 STUDY GUIDE
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Questions
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Answers
1
Why do trades take place
To get goods that you don't already have for goods you have lots of
To get free stuff
2
Productivity
Idk
Amt of goods in a certain amt of time
3
trade barrier
government that prevents trade fromn happening
free trade
4
tarif
tax on trade
tax on eating food
5
What is the difference between a social structure and a social class
Social structure is more social groups built around work school and church
Social class is more social groups built around work school and church
6
Three basic economic questions
None of the above
Who ships the goods who sells the goods and the price of the goods
What goods should be produced how should they be produced who uses the good
When the goods are shipped why the goods are shipped
7
Are trade barriers made for preventing abuse of domestic producers goods
False
True
8
Culutres can change by cultural diffussion
True
False
9
developing ecomnomy
less productive
more productive
10
Yes
True
False
11
free trade has no barriers
False
True
12
trade
the exchange of goods
getting food
13
exposure of ideas of cultural dfiffusion is positive
False
True
14
List three basic econmic systems
Mcdonalds, kfc, chick fil-a,
Batman 2
Traditonal, market ,command, and mixed
15
Budgets should be equal or greater to the expenses
False
True
16
How are societies structered?
Hi
No
Through the way we work and sleep
Through patterns of organized relationships among people
17
developed country
has a string economey
does not have a string economey
18
The command economy is controlled by the people
False
True
19
How do languages religion and arts express culure?
Language allows people to communicate our ideas and pass them to our kids
Language can tell you what holidays they celebrate
none of the above
20
development
growth of economic
idk
21
Comparative advantage
Why countrys make it
What a country is good at making
22
gross domestic product
total value of goods over a year
value of shoes
