Production Matters Vocabulary

18 Questions | By Jjreyes | Updated: Nov 15, 2013 | Attempts: 101

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1.

A ______________________ is the managed economy of a communist state. For example, North Korea has this type of economy.
2.

The ______________________________ acts as a court to hear and settle trade disputes among its member nations from all over the world.
3.

______________ stores make sales of goods to ultimate consumers, usually in small quantities. For example, Macy's, Target, and American Eagle Outfitters fall into this category.
4.

____________ is an international trade agreement that the United States, Canada, and Mexico have signed that states they can do business with each other.
5.

The social science that deals with the production, distribution, and consumption of goods and services is ________________.
6.

Mountains, rivers, oceans, and other natural barriers that BLOCK or slow the way of transportation are called _______________.
7.

The quantity of an item that BUYERS are willing to BUY at different prices creates a _____________.
8.

All of the resources that it takes to build or create a product like land, labor, capital and entrepreneurship are called the ____________________________.
9.

In a _________________________ a capitalist economy can regulate itself in a freely competitive market with a minimum amount of government intervention and regulation. The United States is one example of a country that practices this.
10.

The monetary surplus left to a producer or employer after expenses is the _____________. (Hint: If I owned a business, this would be what I take home after paying my employees and my bills.)
11.

_____________ is the quantity of an item that SELLERS are willing to OFFER at different prices based on consumer demand.
12.

You are a _________________, or a person that uses a commodity or service. Organizations can also be classified as this too.
13.

The linear tract of land that contains lines of transportation such as highways, railroads, or canals is a _______________________.
14.

The act or instance of allotting, apportioning, or delivering is also known as ____________________. (Hint: Our local Coca Cola plant does this.)
15.

A shortage, lack, or paucity is a _______________ of any resources.
16.

A _______________________ is based on state ownership of capital.
17.

Retailers purchase their goods at ___________________ in larger quantities, for resale. (Hint: Sam's club sells their items this way)
18.

____________________ is the total value of all goods and services produced domestically by a nation during a year.

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Current Version
Nov 15, 2013

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Nov 13, 2013

Quiz Created by
Jjreyes

Production Matters Vocabulary

A ______________________ is the managed economy of a communist state. For example, North Korea has this type of economy.

The ______________________________ acts as a court to hear and settle trade disputes among its member nations from all over the world.

______________ stores make sales of goods to ultimate consumers, usually in small quantities. For example, Macy's, Target, and American Eagle Outfitters fall into this category.

____________ is an international trade agreement that the United States, Canada, and Mexico have signed that states they can do business with each other.

The social science that deals with the production, distribution, and consumption of goods and services is ________________.

Mountains, rivers, oceans, and other natural barriers that BLOCK or slow the way of transportation are called _______________.

The quantity of an item that BUYERS are willing to BUY at different prices creates a _____________.

All of the resources that it takes to build or create a product like land, labor, capital and entrepreneurship are called the ____________________________.

In a _________________________ a capitalist economy can regulate itself in a freely competitive market with a minimum amount of government intervention and regulation. The United States is one example of a country that practices this.

The monetary surplus left to a producer or employer after expenses is the _____________. (Hint: If I owned a business, this would be what I take home after paying my employees and my bills.)

_____________ is the quantity of an item that SELLERS are willing to OFFER at different prices based on consumer demand.

You are a _________________, or a person that uses a commodity or service. Organizations can also be classified as this too.

The linear tract of land that contains lines of transportation such as highways, railroads, or canals is a _______________________.

The act or instance of allotting, apportioning, or delivering is also known as ____________________. (Hint: Our local Coca Cola plant does this.)

A shortage, lack, or paucity is a _______________ of any resources.

A _______________________ is based on state ownership of capital.

Retailers purchase their goods at ___________________ in larger quantities, for resale. (Hint: Sam's club sells their items this way)

____________________ is the total value of all goods and services produced domestically by a nation during a year.