Vocabulary Review: Question Preview (ID: 6167)


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What is a custom?
a) a group's way of doing something b) the study of what happened to people in the past c) someone or something that gives information d) a way of doing something that is passed on from parents to children
A way of doing something that is passed on from parents to children is.
a) scarce b) tradition c) source d) custom
What is a museum?
a) things that can be bought and sold b) to keep money to for later c) a building in which objects from other times and places are displayed d) a way of doing something that is passed down from generation to generation
What is scarce?
a) not in good supply b) the freedom to start and run any kind of business c) a business that looks after people's money d) to exchange one thing for another
The freedom to start and run any kind of business is called...
a) bank b) museum c) producer d) free enterprise
What is a producer?
a) the making or selling of goods and services b) a person who buys and uses goods and services c) a person who makes, grows, or sells goods d) work doen for others for money
Things that can be bought and sold are called what?
a) goods b) services c) producer d) consumer
To exchange one thing for another is...
a) save b) bank c) income d) trade
What is income?
a) to keep money to use later b) the money people earn for the work they do c) to exchange one thing for another d) the making or selling of goods and services
What is a consumer?
a) not in good supply b) someone or something that can give information c) a person who buys and uses goods and services d) a person who makes, grows, or sells goods
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