Fall Semester Review

Front

What does it mean if something is scarce?

Back

There's not very much of it available

Front

What is one resource that’s scarce in the US that we might want to buy & import from Canada? Only ONE of these is correct: The US might want to buy livestock (cows, pigs, chickens, etc.) from Canada because they have more Livestock Raising than we do. The US might want to buy lumber (wood) from Canada because they have more Forestry than we do. The US might want to buy crops (corn, cotton, wheat, etc.) from Canada because they have more Commercial Farming than we do. The US might want to buy products from factories in Canada because they have more Trade & Manufacturing than we do.

Back

The US might want to buy lumber (wood) from Canada because they have more Forestry than we do.

Front

Based on the chart, which country is the MOST economically advanced? Options: Mexico, South Africa, United States, Zambia

Back

United States

Front

Based on the chart, which country is the LEAST economically advanced? Options: Mexico, South Africa, United States, Zambia

Back

Zambia

Front

Which of these man-made canals made it easier for ships to get from the Atlantic Ocean to the Pacific ocean? Panama Canal, Erie Canal, Suez Canal

Back

Panama Canal

Front

What does it mean to have a shortage of something?

Back

There's not enough of something

Front

What's an entrepreneur?

Back

Someone who owns their own business

Front

If there was a shortage of entrepreneurs, there would be less jobs created for people.

Back

True

Front

If there was a shortage of entrepreneurs, there would be more jobs created for people.

Back

False

Front

If there was a shortage of entrepreneurs, there would be fewer businesses started.

Back

True