Social studies ch 3-RAAB

What might have drawn the first Americans to North America?

• Cheap land for sale

• They followed migrating animals

• They wanted to live in a cooler climate

• They had heard of its abundance of water

Why did many settlers move westward in the early 1800's?

• work in factories

• follow migrating herds

• find more land

• build new buildings and cities

Which 1848 discovery led many people to move to California?

• farmland

• steel

• electricity

• gold

Which of the following is NOT a change that occurred in the late 1800's

• More people moved from cities to rural areas.

• Industries grew near teh sources of raw materials

• Many people left farming to work in the cities.

• Railroads expanded across the country.

How did people barter to get the things they needed?

• traded goods and services they had for ones they needed

• used money to buy goods

• developed skills to make things

• used valuable objects to buy things

What role do producers play in economy?

• buy goods and services

• make goods and services

• control shipment of goods

• decide what can be used as money

In a free enterprise economy, a business operates on what system?

• barter

• supply and demand

• exchange of goods for shells

• opportunity cost

What might happen if a business makes more of a product than people want to buy?

• the price will increase

• the price will decrease

• the producer will stop selling the item

• consumers will ask the producer to make more

If the supply of a popular product is much less than the demand for it, what likely will happen to the price?

• It will go up

• It will go down

• people will pay any price

• people will buy more

Which is NOT a way in which people contribute to the nation's economy?

• get a job

• produce goods and services

• buy and sell goods

• trading by barter