Standard 5 - Economics

Manufacturing pencils is an example of which Economic Activity?

Food and clothing are examples of which of the following?

This affects the locations of economic activities, movement of people, products, and capital

In order to have a good economy, a country must have...

If Mrs. Boykin only grows enough food to feed her family, she is taking part in which econ syst

In this system, people trade one product for another

If you make more t-shirts than people want to buy, you have a ...

Raw diamonds found in Africa are examples of which of the four factors of production?

If you lived in North Korea, you wouldn't be able to start your own business because of their..

If you buy a product, then you are considered a ...

If demand is greater than supply, what will happen to the price?

The study of the decisions involved in the way goods and services are produced, distributed...

If Jennifer borrowed money from the bank to buy delivery vans for her business, which factor is

This is an industrialized country that produces a great quantity of goods and services

This is having an idea for a product and taking the risk to produce the product