| Vocabulary 1 | Vocabulary 2 | Early Americans | Economy | Industry |
| 10 | 10 | 10 | 10 | 10 |
| 20 | 20 | 20 | 20 | 20 |
| 30 | 30 | 30 | 30 | 30 |
| 40 | 40 | 40 | 40 | 40 |
| 50 | 50 | 50 | 50 | 50 |
| Final Question | ||||
To trade goods and services you have for those you need is to _______.
To trade goods and services you have for those you need is to _______.
barter
The way people send and receive information is _____.
The way people send and receive information is _____.
communication
The moving of goods, people, or animals from one place to another is ______.
The moving of goods, people, or animals from one place to another is ______.
transportation
When citizens have the right to produce any goods or services they want, it is called a _____.
When citizens have the right to produce any goods or services they want, it is called a _____.
free enterprise system
Putting scientific knowledge to practical use is ______.
Putting scientific knowledge to practical use is ______.
technology
A person who makes goods or products to sell for a profit is a _________.
A person who makes goods or products to sell for a profit is a _________.
producer
Is a new toy a need or a want?
Is a new toy a need or a want?
want
The resources of a country, state, region, or community and how those resources are managed is called a(n) ______________.
The resources of a country, state, region, or community and how those resources are managed is called a(n) ______________.
economy
What you give up when you choose one thing over another is ______________.
What you give up when you choose one thing over another is ______________.
opportunity cost
The amount of an item that consumers are willing to buy at different prices is called _______.
The amount of an item that consumers are willing to buy at different prices is called _______.
demand
In the 1800s, why did many settlers move west?
In the 1800s, why did many settlers move west?
They wanted to find more land.
Why did the earliest Americans come to North America?
Why did the earliest Americans come to North America?
They followed a migrating herd of animals.
Why did many settlers move to California in 1848?
Why did many settlers move to California in 1848?
Gold was discovered.
What basic needs did most people trade for?
What basic needs did most people trade for?
food, clothing, shelter
How do climate and resources cause regions to be economically interdependent?
How do climate and resources cause regions to be economically interdependent?
Regions produce different goods depending on the climate and resources of that region. Because they can't produce everything, they must depend on other regions to get other goods that they need.
If you choose to buy a soccer ball instead of a basketball, what is your opportunity cost?
If you choose to buy a soccer ball instead of a basketball, what is your opportunity cost?
the basketball
The amount of an item that consumers are willing to buy at different prices is called ______.
The amount of an item that consumers are willing to buy at different prices is called ______.
demand
If the demand for a product is high, and the supply is low, what will happen to the price?
If the demand for a product is high, and the supply is low, what will happen to the price?
The price will increase.
If the demand for a product is low, and there is a large supply, what will happen to the price?
If the demand for a product is low, and there is a large supply, what will happen to the price?
The price will decrease.
What does a business do to make sure it makes a profit?
What does a business do to make sure it makes a profit?
The business sets the price high enough that it can pay for its costs and still have money left over.
What 2 resources were the most important in the industrial growth of the United States?
What 2 resources were the most important in the industrial growth of the United States?
iron and coal
Because America was rich in iron and coal, what happened to industries?
Because America was rich in iron and coal, what happened to industries?
Industries grew.
In the late 1800s, what was built that helped transportation?
In the late 1800s, what was built that helped transportation?
Railroads were built across the country.
What did the rapid growth of industries cause people to do?
What did the rapid growth of industries cause people to do?
People moved to the cities to find work.
Name the 3 changes that happened in the late 1800s.
Name the 3 changes that happened in the late 1800s.
Industries grew, people moved to the cities, and railroads were built across the country.
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