Study guide for Social Studies Unit 3.
You will need to know the following for the test:
Vocabulary
income-money that people earn
goods- things people make or grow
services- jobs that people do to help others
tax- money that is collected by a government
factory- a building where people produce goods
trade- to buy, sell, or exchange goods
transportation- a way of moving goods or people from place to place
barter- to trade a good or service for another good or service without using money
compass rose- shows directions on a map, north, south, east, and west
Things that link countries: airplane, trucks, ships, trains
Needs/Wants: Needs: clothes, food, shelter, water Wants: toys, pets, cars, rugs
Steps in making a decision: 1. Tell what decision you need to make. 2. Gather information 3. List your choices. 4. Tell what might happen with each choice. 5. Make a decision.
Map skills