U4 Review

Which of these is a good you buy?

• bike repair

• dry cleaning

• haircut

• raincoat

What do economists study?

• choices people make

• features of the Earth

• plant and animal life

• what happened in the past

To an economist, a market is

• place with fruits and vegetables.

• body of water with plenty of shellfish.

• any place where economic activity happens.

• any choice people make because of scarcity

Which person is most likely to be paid with money from taxes?

• movie actor

• police officer

• shoe salesman

• travel agent

Which of these is one way to be a smart consumer?

• going on vacation

• playing with friends

• saving money in a bank

• spending money on games

Which of these industries developed in Florida because of the state’s natural resources?

• book publishing

• commercial fishing

• entertainment

• truck manufacturing

Which type of industry includes tourism?

• government

• manufacturing

• retail

• service

Oranges and tourists became important to the economy of Florida because of the state’s

• space center.

• warm climate.

• senior citizens.

• new computers.

Which of the following people is earning money by providing a service?

• Anthony grows fruit to sell.

• Laura sews stuffed animals.

• Carl sells lemonade he makes.

• Marie teaches a third grade class.

Which of the following will increase the profit at a lemonade stand?

• using cheaper lemons

• using more ingredients

• selling during cold weather

• giving glasses away for free