Part 5: Economics and Geography

What is the amount of goods and services that are available?

What is an individual or group who purchases goods?

Farming and Mining are part of what level of industry?

• Primary

• Secondary

• Tertiary

• Quaternary

What do you call a person who uses the available resources to create a business?

What is scarcity?

Education is part of what level of industry?

• Primary

• Secondary

• Tertiary

• Quaternary

What is free trade?

What are the factors of a country's development?

• Purchasing Power

• Life Expectancy

• How much money they make

• Literacy

• Education

What is an opportunity cost?

How do you calculate profit?