Economy

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

When a US citizens calls a company to get customer support and they end up talking to someone in another country because they charge less to do the job, this is an example of:

• Import

• Export

• Outsourcing

• Diffusion

When Farmers switch to a free-enterprise system, they are growing crops:

• to eat

• to use pesticides

• to give to the government

• to make a profit

Which economic industry changes raw materials into finished products?

• Labor/service

• Agriculture

• Retail/Wholesale

• Manufacturing

Which economic industry handles the products that are ready to be sold to consumers?

• Agriculture

• Labor/Service

• Retail/Wholesale

• Manufacturing

Which economic industry involves the creation and collection of natural resources and raw materials?

• Agriculture

• Retail/wholesale

• Manufacturing

• Service/