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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
Sudan
B
Kenya
C
Nigeria
D
Japan
2) Many countries have all three types of economies. This is called ________.
A
command
B
market
C
traditional
D
mixed
3) This country's businesses have the MOST government control (command).....
A
Japan
B
North Korea
C
India
D
China
4) Why is specialization important for international trade?
A
it allows people to do a more efficient job at producing (making) what they make best; and trade for other necessary things.
B
They can only make one product well.
C
It keeps prices low
D
It limits agriculture
5) A limit or certain amount that a foreign country can sell in another country is called a ......
A
quota
B
embargo
C
tax
D
a tariff
6) A formal halt (stop) to trade with a country for political or economic reasons is ....
A
a quota
B
a tax
C
a tariff
D
an embargo
7) HUMAN capital is the _____________________________________.
A
skills, education, ideas that workers have
B
money for goods
C
amount of goods sold
D
tax from workers
8) A high GDP (gross domestic product) usually causes a ______________
A
poverty
B
low productivity of the workers
C
low literacy rate
D
high standard of living
9) An example of a business's CAPITAL RESOURCES might be _______________
A
a factory
B
scholarship money
C
workers
D
money for training workers
10) How did new African borders cause problems after World war II ?
A
Europeans wanted the minerals
B
They were too large
C
They ignored different tribes and cultures
D
They went along river borders
11) What is your favorite subject?
A
social studies
*select an answer for all questions
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