6th Grade Economics

When two or more countries rely on each other for trade

• Interdependence

• Port

• Harbor

• Infrastructutre

A good bought from another country

• Port

• Import

• Migration

• Export

Goods sold to another country for profit.

• Service

• Import

• Scarcity

• Export

A raw material or energy source that replaces itself over time.

• Famine

• Service

• Good

• Renewable resource

How much of a certain resource or product is wanted.

• Resource

• Demand

• Export

• Scarcity

How much of a certain resource of product is available

• Demand

• Resource

• Goods

• Supply

Every Wal Mart in the United States has more than enough eggs for the people who want to buy them there. This is an example of...

• Demand

• Surplus

• Scarcity

• Famine

If a Government decides production and distribution the government has control over the country's economy

• True

• False

In what economic system does the government control natural resources, factories, and services?

• Free Enterprise

• Entrepreneur Economy

• Communist Economy

• Free Market

Economic systems are classified based on who controls the ...

• Factors of Production

• Exports

• Imports

• Prices