The amount of goods and services available per person in an economy.
Specialization and Trade

Flashcard
•
Social Studies
•
6th Grade
•
Hard
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17 questions
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1.
FLASHCARD QUESTION
Front
Back
Standard of Living
2.
FLASHCARD QUESTION
Front
The total dollar amount of all final goods and services produced in a country in a year.
Back
Gross Domestic Product (GDP)
3.
FLASHCARD QUESTION
Front
Goods are __________________________________.
Back
a physical item that can be purchased.
4.
FLASHCARD QUESTION
Front
A doctor treating his patient. This is an example of a ___________________.
Back
service
5.
FLASHCARD QUESTION
Front
A waitress bringing food to your table. This is an example of a _________________ .
Back
service
6.
FLASHCARD QUESTION
Front
The new PS5 is an example of a__________.
Back
good
7.
FLASHCARD QUESTION
Front
The three main factors of production are: school, work, and retirement; land, labor, and capital; economy, specialization, and trade; goods, services, and people
Back
land, labor, and capital
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