Name ______________________________________________________
1. The first Americans were drawn to North America because they followed a _______________________________________________________________.
2. Many settlers moved westward during the early 1800s to find ________________________.
3. The discovery of _________________________ in 1848 led many people to move to California.
4. _______________________________ grew near the sources of raw materials, people left _____________________________ to work in the cities, and _________________________ expanded across the country in the late 1800s.
5. People bartered to get the things they needed by ___________________________ and ______________________ they had for those they needed.
6. _____________________________ play the role of making goods and products to sell for a profit in our economy.
7. A business makes a profit by setting the price for its goods or services _____________ enough to pay for its _________________ and to have ________________ left over.
8. People contribute to the nation’s economy by learning __________________ needed in the workplace, ______________________________ goods & services, and by ______________________ & ________________________ goods.
9. In a free enterprise economy, a business operates on the system known as ______________________ & ____________________________.
10. If a business makes more of a product than people want to buy, then the ____________________ of that product will likely ________________________________________.
11. If the supply of a popular product is much less than the demand for it, the price will likely go ________________.
12. The regions of the United States are interdependent because they _______________ on one another for ___________________, ________________________, & _____________________________.
13. The parts of a computer being made all around the world is an example of _____________________________________.
14. Globalization, _____________________________, & _____________________________, all increase world trade.
15. Transportation helps economically interdependent regions because it helps the ______________________________ regions get the ____________________________ they need.
*** Be able to compare and contrast how life in the U.S. changed between the 1700s and the late 1800s.
***Be able to explain how both supply and demand affect the price of goods and services people buy.