Jones - Module 5 - 5th Grade

Any law that limits free trade between nations.

Culture traits that are well known and widely accepted.

Which country is a communist country?

These three things have helped increase globalization.

Which describes a farmer selling a crop/animal?

Any law that limits free trade between nations.

Labor is the human time, effort, skills, and talent needed to produce goods.

Scarcity is when there is enough resources to meet people's wants.

If someone examines the quality of a product. This is an example of what industry?

When you trade a good or service for a good or service provided by someone else.

If taxes are too high, ______ will not make much of a profit.

Money that a business uses to buy the items needed for the business to function is:

Which country is a socialist country?

If you want to buy a house in ten months, which of the following might you want to invest in now?

When producers in one nation depend on others to provide goods or services that they don't produce.

Who offers emergency loans to countries with unstable economies?

Which country is a capitalist country?

Countries with strong economies and a high quality of life.

The value of the thing you give up in the tradeoff.

The use of money today in a way that earns future benefits.

Trade without trade barriers between nations.

The World Bank provides ______ for large projects, like building schools, in developing countries.

Piggly Wiggly sells ice cream to customers in their store. This is an example of what industry?

The percentage of the total amount of money loaned or borrowed.

Process in which countries are increasingly linked to each other through trade and culture.

Which one of the answers below works with nations to decrease embargoes, taxes, and quotas?

You want to buy stocks when the prices are ______ and sell when prices are _____.

People and businesses would not use coupons, advertise, set prices or start businesses without _______.

Breyers ice cream company uses milk to produce ice cream. This is an example of what industry?

Items such as tools, machines, factories, and office equipment that are needed for a business to function.

The U.S. had an embargo against what country in the early 1960's?

The _____ the risk of the investment, the ______ the possible return.

______ is anything that people will accept as payment for goods and services.

Raw materials needed to produce goods are: