Civil War Assessment Prep
| # | Answer |
|---|---|
| 1 | Economics is the study of how people use money, goods, and resources. |
| 2 | A good is something you can buy or use, like food or clothing. |
| 3 | A service is help people do for others, like farming or fixing things. |
| 4 | Money is used to buy goods and services. |
| 5 | People may have bought food. |
| 6 | People had jobs such as farmer. |
| 7 | People need jobs to earn money. |
| 8 | Trade is exchanging goods or services. |
| 9 | A farmer produces food or crops. |
| 10 | Food was important because people and soldiers needed it to live and work. |
| 11 | A resource is something people use to make goods or do work. |
| 12 | Wood is one natural resource used during the Civil War. |
| 13 | Natural resources are important because people use them to make things and get work done. |
| 14 | A market is a place where people buy and sell goods. |
| 15 | Prices might change because goods can be harder to get. |
| 16 | Scarcity means there is not enough of something for everyone. |
| 17 | Scarcity can make it hard for families to get needed goods. |
| 18 | Food is a need. |
| 19 | A toy is a want. |
| 20 | People make choices because they cannot buy everything they want. |
| 21 | To save money means to keep some money for later. |
| 22 | Someone might save money to buy important things later. |
| 23 | War could change or stop jobs because people and goods were needed for the war. |
| 24 | The store may have empty shelves or fewer items to sell. |
| 25 | Farms were important because they grew food for people and soldiers. |
| 26 | Factories made items like clothes, tools, and supplies. |
| 27 | Transportation helped move goods to where they were needed. |
| 28 | It is important so people can get the goods they need. |
| 29 | Supply is the amount of a good that is available. |
| 30 | Demand is how much people want a good. |
| 31 | The price may go up. |
| 32 | Cloth was valuable because it was needed for clothing and supplies. |
| 33 | Women helped by making goods, working, and taking care of farms and homes. |
| 34 | Children sometimes helped with chores or farm work. |
| 35 | A consumer is a person who buys goods or services. |
| 36 | A producer is a person or business that makes goods or provides services. |
| 37 | A blacksmith was a producer because he made and fixed metal items. |
| 38 | Blacksmiths were important because they made tools, horseshoes, and metal parts. |
| 39 | War can change what people buy because they may need more basic items. |
| 40 | People used cloth to make uniforms for soldiers. |
| 41 | People often paid with money. |
| 42 | A budget helps people plan how to use their money. |
| 43 | A family budget could help a family spend money on important items first. |
| 44 | Opportunity cost is what you give up when you choose one thing over another. |
| 45 | The opportunity cost is the toys they did not buy. |
| 46 | Some businesses had trouble because goods were scarce and transportation was harder. |
| 47 | War can make trade slower or harder. |
| 48 | It is important because families had to decide how to use limited resources. |
| 49 | When supply is low, there may be scarcity because there is not enough for everyone. |
| 50 | The Civil War changed the economy by making some goods harder to get, changing jobs, and forcing families to make careful money choices. |