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Ancient Chinese Dynasties
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Ancient Chinese Dynasties

Workers are paid ______________________ for the work they do. wages. ____________________ is a term used to describe a very low supply. Scarcity. A form of trade in which goods are services are traded for something other than money is called _________________________. bartering . A ______________________ is someone who makes or sells a product. producer. A ______________________ is someone who buys a good or service. consumer. The amount of money that is left after all of the overhead has been paid is known as the ________________________. profit. To ______________________ means to buy goods and services from sellers in other countries. import . To ______________________ means to sell goods and services to people in other countries. export. A _______________________ is a building in which goods are made. factory. Henry Ford used all of the following materials in his factory EXCEPT: robots. Which of the following would be an example of a business that provides a service? car wash. If there is a HIGH demand for a product and a LOW supply, then the price will usually be: high. What is an assembly line? a series of workers and machines in a factory that make a product. All of the following are goods EXCEPT: hair dresser. All of the following are services EXCEPT: sneakers. The workers needed to make and sell goods are known as a ___________________________. human resource. natural resource. Equipment and machines that are used to make goods and provide services are known as a ___________________________. capital resource

Grade:Grade 2_AI, Grade 3_AI
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