Studies Weekly Weeks 27 and 28 Review
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| Read this sentence: The neighborhood ice cream man always has a long line of children ready to purchase ice cream. The demand for ice cream is _____ a. high b. low | show 🗑
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| 2. Everyone wants a limited edition bike. There are only a few available. This means the price will ______. a. increase b. decrease | show 🗑
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| show | a. the price goes up
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| show | b. Scarcity
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| Which of the following would result in scarcity? a. A small town has five toy stores. b. Drought affects the crops in a region. c. Tiffany’s chickens produce dozens of eggs. d. Julissa’s orange orchard has a large harvest. | show 🗑
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| Why does the cost of a good usually go down over time? a. The good becomes scarce. b. Goods always go up in price. c. Fewer people want the good. d. The good costs more to make. | show 🗑
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| Scarcity happens when people want a product or service, but there is not enough for everyone. Which phrase helps the reader understand the meaning of the word scarcity? a. product or service b. not enough c. produce d. to sell | show 🗑
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| What is an example of scarcity? a. Raul has eight pairs of shoes. b. Cari brought five new pencils to school. c. Coach Johnson has two bottles of water for the team. d. The Adams family picked 15 tomatoes from their garden. | show 🗑
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| One way to increase your profit as a business owner is to __________. a. sell fewer items b. increase expenses c. lower production costs d. decrease prices of goods | show 🗑
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| show | a. He invented the assembly line.
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| Matching: Match each individual to the business they started. Sam Walton started _______. a. Ford Motor Company b. Virtual Intelligence Providers c. Me and the Bees Lemonade d. Walmart | show 🗑
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| show | c. Me and the Bees Lemonade
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| show | b. Virtual Intelligence Providers
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| Matching: Match each individual to the business they started. Henry Ford started _______. a. Ford Motor Company b. Virtual Intelligence Providers c. Me and the Bees Lemonade d. Walmart | show 🗑
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| show | a. the costs to run a business
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| show | c. You lose $0.10
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| The ________ is how much it costs to make the goods or provide a service. a. production cost b. total expenses c. lost profits d. cut losses | show 🗑
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| show | c. assembly line
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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