Economic Empowerment: Quiz Review

Using your own knowledge, your notes, the textbook, and the internet please answer the following review questions in complete sentences on a MicrosoftWord document.


1) What are the three products which were important to Europeans traveling to North America?


2) We currently use paper money, coins, and credit cards to pay for goods and services? How did people pay or exchange goods before?


3) What did Aboriginal people need and want?


4) What did Europeans need and want?


5) How does capital or money empower people?


6) Create a list of five needs and five wants.


7) Explain how the poverty cycle works?


8) How do you stop the poverty cycle?


9) How does the Internet impact the economy?


10) How does the Internet make it easier for people to economically empower themselves?


11) What are three products which will help economically empower people in the future?


12) What is the main purpose of an economic system?

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