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Economic Review
Test Description: Economy Review
Instructions: Answer all questions to get your test result.
1) What happens when a product is rare?
A
Price goes down.
B
Price goes up.
C
Supply is enhanced.
D
Demand is eliminated.
2) Demand for Chinese silk...
A
caused price to decrease.
B
caused the production of more ziggurats.
C
caused the price to increase.
D
caused the demand to decrease.
3) Controlling the territory and movement of traders...
A
allowed the price to decrease.
B
creates less people interested in religion.
C
forced the demand of products to halt.
D
allows civilizations to become wealthy.
4) What is directly related to an economy?
A
business, trade, employment
B
religion, employment, government
C
artifacts, supply, demand
D
climate, geography, supply
5) The major economic force of Egypt was....
A
lumber.
B
agriculture.
C
mining.
D
silk and fabric.
6) When supply goes too high....
A
price increases.
B
demand increases.
C
production decreases.
D
demand decreases.
7) What was the Silk Road?
A
A route traveled between China and Europe.
B
A route traveled between Mesopotamia and Ghana.
C
A route traveled between Egypt and Greece.
D
A route traveled between Rome and Indus Valley.
8) What was the Indus Valley well know for?
A
olive oil
B
spices
C
ceramics
D
silks
9) Which is often true?
A
Supply decreases... so... demand decreases.
B
Supply increases...so.... price decreases.
C
Demand decreases... so... price increases.
D
Demand increases...so... price decreases.
10) Which would lead to decreased trade between civilizations?
A
Unifying the system of money of a culture.
B
Having government leaders to meet with other leaders.
C
Allowing more businesses to operate.
D
Ending the building of roads.
*select an answer for all questions
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