Study Guide Gr 4

 

Name ______________________________________________________

 

Grade 4 Chapter 3 Study Guide

 

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.