The East Lesson 1 and 2

Front

Who owns the factors of production in a market economy?

Back

individuals, not the government

Front

Which of the following is a factor of production? profit, people, banking, competition

Back

people

Front

What is the exchange of resources or money for goods and services called?

Back

trade

Front

What role does the government play in a MARKET economy?

Back

It lets people and businesses decide what to make.

Front

Which of the following can be made using natural resources from FORESTS? iron, glass, grain, paper

Back

paper

Front

Which of the following describes the climate in the East?
Options:
It never rains.
Summers are cold.
There are two seasons.
The climate is temperate.

Back

The climate is temperate.

Front

For what did people who settled the East use the area's bodies of water?

Back

power and shipping

Front

Where is the coastal plain located?

Back

east of the Appalachian Mountains