Test: Economics - From Resources to Economies (economics)


Economics - From Resources to EconomiesVersion en ligne Economics - From Resources to Economies par Vijo Gor 1 Why do people divide up tasks? a To make their work easier and more efficient b To make sure everyone does the same work c To stop people from producing too much d To avoid having to share resources 2 What do we call it when tasks are divided for production? a Specialization b Division of labor c Bartering d Capital 3 What is specialization? a When everyone works on all tasks equally b When people focus on one task or skill c When resources are shared equally among all d When surplus goods are thrown away 4 What is a surplus? a Extra amount of something, more than what is needed. b A tool used to divide labor c A way to stop trade from happening d The amount of goods used by a community 5 What does a surplus lead to usually? a More resources being wasted. b The ability to trade for other goods. c Everyone having equal access to resources. d Less specialization in production 6 What does a surplus often lead to in class society? a Everybody gets what they need. b The ruling class taking control of the surplus. c Workers having more freedom and wealth d No more inequality. 7 What is bartering? a Trading goods directly without using money b Producing goods faster with better tools c Specializing in one task to create more goods d A type of currency used in ancient times 8 What do we use for trade today instead of bartering? a Services b Resources c Money d Technology 9 What three activities are part of every economy? a Production, division (sharing or trading) and consumption b Bartering, saving, and building c Specialization, division, and equality d Invention, surplus, and wealth Feedback 1 When you divide tasks it makes work more efficient, because when everyone does the job they are best at it costs less time and energy for the whole. 2 Division of labor means tasks are divided based on skills or roles, making production more efficient. 3 Specialization means people focus on one job to become better and faster at it. 4 A surplus happens when people produces more than they need, which they can trade for other things. 5 A surplus allows people to trade goods they don’t need for those they do, forming the basis of economies. 6 In class societies, surpluses created by workers are mostly taken by the ruling class. This is called exploitation. 7 Bartering is when people exchange goods directly, like trading fish for vegetables. 8 Today, people usually trade goods and services using money, which is more efficient than bartering.

1

Why do people divide up tasks?

a

To make their work easier and more efficient

b

To make sure everyone does the same work

c

To stop people from producing too much

d

To avoid having to share resources

2

What do we call it when tasks are divided for production?

a

Specialization

b

Division of labor

c

Bartering

d

Capital

3

What is specialization?

a

When everyone works on all tasks equally

b

When people focus on one task or skill

c

When resources are shared equally among all

d

When surplus goods are thrown away

4

What is a surplus?

a

Extra amount of something, more than what is needed.

b

A tool used to divide labor

c

A way to stop trade from happening

d

The amount of goods used by a community

5

What does a surplus lead to usually?

a

More resources being wasted.

b

The ability to trade for other goods.

c

Everyone having equal access to resources.

d

Less specialization in production

6

What does a surplus often lead to in class society?

a

Everybody gets what they need.

b

The ruling class taking control of the surplus.

c

Workers having more freedom and wealth

d

No more inequality.

7

What is bartering?

a

Trading goods directly without using money

b

Producing goods faster with better tools

c

Specializing in one task to create more goods

d

A type of currency used in ancient times

8

What do we use for trade today instead of bartering?

a

Services

b

Resources

c

Money

d

Technology

9

What three activities are part of every economy?

a

Production, division (sharing or trading) and consumption

b

Bartering, saving, and building

c

Specialization, division, and equality

d

Invention, surplus, and wealth

Feedback

1

When you divide tasks it makes work more efficient, because when everyone does the job they are best at it costs less time and energy for the whole.

2

Division of labor means tasks are divided based on skills or roles, making production more efficient.

3

Specialization means people focus on one job to become better and faster at it.

4

A surplus happens when people produces more than they need, which they can trade for other things.

5

A surplus allows people to trade goods they don’t need for those they do, forming the basis of economies.

6

In class societies, surpluses created by workers are mostly taken by the ruling class. This is called exploitation.

7

Bartering is when people exchange goods directly, like trading fish for vegetables.

8

Today, people usually trade goods and services using money, which is more efficient than bartering.

Economics - From Resources to Economies

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Economics - From Resources to EconomiesVersion en ligne

par Vijo Gor

Why do people divide up tasks?

What do we call it when tasks are divided for production?

What is specialization?

What is a surplus?

What does a surplus lead to usually?

What does a surplus often lead to in class society?

What is bartering?

What do we use for trade today instead of bartering?

What three activities are part of every economy?

Feedback