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Social Studies Chapter 3 Earning And Learning
Test Description: Economics then and now
Instructions: Answer all questions to get your test result.
1) How did people barter to get the things they needed?
A
They traded goods and services they had for those the needed
B
The developed skills to make things for their own use
C
They bought things with gold
D
The used money to buy goods
2) Why did many settlers move westward during the early 1800\'s?
A
find more land
B
gather cattle
C
to work on the railroad
D
build things
3) What might have drawn the first Americans to North America?
A
The land was really cheap
B
To go near lots and lots of water
C
They just liked it
D
They followed a migrating herds of animals
4) What 1848 discovery led many people to move to California?
A
gold
B
oil
C
electricity
D
coal
5) How does a business make a profit?
A
It doesn\'t pay its workers
B
It buys things at high prices
C
The governement tells it to
D
It sets the price for its goods or services high enough to pay for its costs and have $ left over
6) What role do producers play in our economy?
A
They ship goods or products from one place to another
B
They determine what we use as money
C
They buy goods or products
D
They make goods or products to sell for a profit
7) What is NOT a change that happened in the late 1800's?
A
Business grew near the source of raw materials
B
Railroads expanded all over the country
C
Many people left farming to work in the cities
D
Many people moved from cities to rural area
8) Another name for cities is?
A
economy
B
country
C
industry
D
urban areas
9) Having a large supply of a product can cause?
A
prices to stay the same
B
you to make more of that product
C
the price to fall
D
the price to go higher
10) The process in which a business makes something or provides services in different places around the world is called?
A
supply
B
bartering
C
demad
D
globalization
*select an answer for all questions
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