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Week 19: Markets

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Last updated about 6 years ago
12 questions
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Question 1
1.

What is a free market economy? (Living in a Free Market Economy)

Question 2
2.

In the example of the oranges, why did the price of oranges increase? (Living in a Free Market Economy)

Question 3
3.

When supplies of a good do not change often, how is the demand affected? (Living in a Free Market Economy)

Question 4
4.

What is it called when you exchange goods or services with someone in exchange for other goods and services? (Technology and the Free Market)

Question 5
5.

In ancient times, people gathered together to buy, sell, and trade goods and services. Where would they gather to do that? (Technology and the Free Market)

Question 6
6.

What has happened in the past twenty years that has changed the marketplace? (Technology and the Free Market)

Question 7
7.

How might a drought affect the supply and demand of organic crops? (Government Rules Affect What We Pay)

Question 8
8.

Another word for a buyer is a ______.

Question 9
9.

The number of people that want goods that are in supply is called _____.

Question 10
10.

Food products and things people want or _____.

Question 11
11.

Items people make or grow are ______.

Question 12
12.

The way a country makes and uses money, goods, services, and natural resources is called the _________.