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7th Gr. Ss Review Part 2
Test Description: Review
Instructions: Answer all questions to get your test result.
1) Which of these would probably NOT have a TRADITIONAL economy?
A
Japan
B
Sudan
C
Kenya
D
Nigeria
2) Many countries have all three types of economies. This is called ________.
A
command
B
traditional
C
mixed
D
market
3) This country's businesses have the MOST government control (command).....
A
China
B
North Korea
C
Japan
D
India
4) Why is specialization important for international trade?
A
They can only make one product well.
B
It limits agriculture
C
It keeps prices low
D
it allows people to do a more efficient job at producing (making) what they make best; and trade for other necessary things.
5) A limit or certain amount that a foreign country can sell in another country is called a ......
A
tax
B
quota
C
embargo
D
a tariff
6) A formal halt (stop) to trade with a country for political or economic reasons is ....
A
a tax
B
a tariff
C
an embargo
D
a quota
7) HUMAN capital is the _____________________________________.
A
tax from workers
B
money for goods
C
amount of goods sold
D
skills, education, ideas that workers have
8) A high GDP (gross domestic product) usually causes a ______________
A
low productivity of the workers
B
low literacy rate
C
high standard of living
D
poverty
9) An example of a business's CAPITAL RESOURCES might be _______________
A
a factory
B
workers
C
money for training workers
D
scholarship money
10) How did new African borders cause problems after World war II ?
A
They went along river borders
B
They were too large
C
They ignored different tribes and cultures
D
Europeans wanted the minerals
11) What is your favorite subject?
A
social studies
*select an answer for all questions
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