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Social Studies Review Flashcards | StudBud
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Social Studies Review
Social Studies Review
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Flashcards
31 cards
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Questions
31
Answers
1
These are the natural resources, except....
plastic
coal
Water
minerals (rocks)
2
You give your friend money for his video game. What is this an example of? Choose the best answer.
Producing goods
Trade
Consuming
A donation
3
The supply of wood is high. This means that many people want to buy wood.
True
False
4
If price continues to increase (go up), what do you think will happen to demand?
Nothing.
Demand will stay the same.
Demand will go up.
Demand will go down.
5
The demand for chairs is low. This means that there are not many chairs.
True
False
6
Who is a consumer? (more than one answer)
A person getting a haircut
A person buying food
A person selling clothes
A person going to the dentist
7
Which is a service?
Getting your hair cut
Watches
Computers
Shoes
8
The supply of water quickly goes down. There is not much water left. The price will:
not change.
go up because the supply is more.
go down because the supply is less.
go up because the supply is less.
9
Will moon cake prices go up 5 months before Mid Autumn festival or 5 days before the festival?
5 weeks.
5 months.
No change.
5 days.
10
Supply is...
How much there is of a good or service
None of these
Trading with someone
How much people want of something
11
What will happen to the price of Halloween costumes on November 1st?
Nothing.
They will go down.
They will go up.
They will stay the same.
12
In the cookie activity, why was the price of the cookie so high in the beginning? (two answers)
Supply was low.
Demand was low.
Supply was high.
Demand was high.
13
The supply of apples goes down. What will happen to the price of chocolate?
Nothing.
It will go up.
It will go down.
14
Capital resources include...
computers
teacher
cows
tractor
15
If demand stays the same and supply goes down, what will happen to the price?
It will go up.
It will go down.
It will stay the same.
16
You like your friend's shirt. You offer him $10 for it. He accepts, and gives it to you. What did you do? (2 answers)
Bought something.
Nothing.
Sold something.
Traded
17
Which are types of government?
Democracy
Vote
Monarchy
President
18
Demand is...
None
How much a person has of something
How much people want of something
How many goods or services there is
19
Cities, countries, and people all trade with each other.
Only cities and countries.
Only countries.
False
True
20
Which one is a good?
iPhone
Paying for a taxi
Someone cleaning your room
Going to the dentist
21
A farmer selling his vegetables is a producer.
True
False
22
Apple makes a new iPhone. The price of older iPhones will go up.
True
False
23
In an election, people vote.
True
False
24
People vote in a democracy.
False
True
25
In the
second
part of the cookie activity, why did the price of the cookie decrease? Decrease= go down. Increase= go up
Demand increased.
Supply decreased.
Supply increased.
Supply stayed the same.
26
Which are resources?
Factories
Then pen on a student's desk
Wood
Teachers
27
In a monarchy, there is...
A vice president
no government
A king or queen
A prime minister
28
Why do moon cake prices go down after the Mid-Autumn Festival?
There is less demand.
Supply goes down.
There is more demand.
More people want them.
29
A consumer creates or produces things.
False
True
30
Does supply and demand affect the price of a good or service?
No
Yes
31
What is trade?
Receiving something for free
Giving a person something
Making clothes
Buying or selling goods or services
