Unit 3 TestWednesday May 13, 2015
Be prepared to define and explain the following (with examples where appropriate):
Natural Resources
Economics
Labour
GDP
Per Capita
Regional Disparity
Scarcity
Goods
Services
Rationing
Impulse Buying
Supply
Demand
Hidden Market
Interest
Aquaculture
Compound Interest
First and Second Stage Manufacturing
Product
Process
In 3-5 sentences explain the following:
- Explain the Law of Supply and Demand
- Discuss (with examples) the 4 sectors of our economy
- Explain how regional disparity and outmigration (& brain drain) are connected and what that means for our region.
- Discuss what Free Trade (NAFTA) means and how it works.
- Discuss the 3 revolutions in technology and how they’ve affected how humans live.
Unit 3 TestWednesday May 13, 2015
Be prepared to define and explain the following (with examples where appropriate):
Natural Resources
Economics
Labour
GDP
Per Capita
Regional Disparity
Scarcity
Goods
Services
Rationing
Impulse Buying
Supply
Demand
Hidden Market
Interest
Aquaculture
Compound Interest
First and Second Stage Manufacturing
Product
Process
In 3-5 sentences explain the following:
- Explain the Law of Supply and Demand
- Discuss (with examples) the 4 sectors of our economy
- Explain how regional disparity and outmigration (& brain drain) are connected and what that means for our region.
- Discuss what Free Trade (NAFTA) means and how it works.
- Discuss the 3 revolutions in technology and how they’ve affected how humans live.
Unit 3 Test Wednesday May 13, 2015
Be prepared to define and explain the following (with examples where appropriate):
Natural Resources
Economics
Labour
GDP
Per Capita
Regional Disparity
Scarcity
Goods
Services
Rationing
Impulse Buying
Supply
Demand
Hidden Market
Interest
Aquaculture
Compound Interest
First and Second Stage Manufacturing
Product
Process
In 3-5 sentences explain the following:
- Explain the Law of Supply and Demand
- Discuss (with examples) the 4 sectors of our economy
- Explain how regional disparity and outmigration (& brain drain) are connected and what that means for our region.
- Discuss what Free Trade (NAFTA) means and how it works.
- Discuss the 3 revolutions in technology and how they’ve affected how humans live.