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Grade 7 Economics
Test Description: Review of basic economic terms
Instructions: Answer all questions to get your test result.
1) Scarcity is:
A
having the right amount
B
having less than what is needed
C
having more than what is needed
D
having better quality than needed
2) Which state specializes in the growth of potatoes?
A
Maine
B
Missouri
C
Florida
D
Idaho
3) Which states specialize in the production of oil?
A
Missouri, Iowa, Illinois, and Indiana
B
Oklahoma, Texas, and Alaska
C
California and Florida
D
Vermont and New Hampshire
4) Which state specializes in the growth of sugarcane?
A
Illinois
B
Maine
C
Utah
D
Hawaii
5) Which products are the specialty of Canada?
A
lumber, furniture, and paper
B
chickens and turkeys
C
computers and electronics
D
automobiles and farm equipment
6) Which is not an example of a specialized career?
A
cardiologist
B
dermatologist
C
pediatrician
D
family doctor
7) A school's capital resources would not include:
A
teachers
B
computers
C
copy machines
D
desks and chairs
8) Which is not a natural resource?
A
deer
B
Missouri River
C
apple trees in an orchard
D
sunshine
9) An example of labor would be:
A
A highway patrolman escorting a prisoner.
B
All of the above.
C
A farmer plowing a field.
D
A secretary typing a letter.
10) Which is not a source of income to you?
A
Paying sales tax at Wal-Mart
B
Wages from your job at McDonalds.
C
Interest on your savings account
D
Rent from your cousin who has a room in the basement.
*select an answer for all questions
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