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Vocabulary Review
Test Description: 2nd Semester Review
Instructions: Answer all questions to get your test result.
1) What is a custom?
A
a group's way of doing something
B
someone or something that gives information
C
the study of what happened to people in the past
D
a way of doing something that is passed on from parents to children
2) A way of doing something that is passed on from parents to children is.
A
scarce
B
source
C
tradition
D
custom
3) What is a museum?
A
to keep money to for later
B
a way of doing something that is passed down from generation to generation
C
a building in which objects from other times and places are displayed
D
things that can be bought and sold
4) What is scarce?
A
to exchange one thing for another
B
a business that looks after people's money
C
the freedom to start and run any kind of business
D
not in good supply
5) The freedom to start and run any kind of business is called...
A
producer
B
free enterprise
C
bank
D
museum
6) What is a producer?
A
a person who makes, grows, or sells goods
B
the making or selling of goods and services
C
work doen for others for money
D
a person who buys and uses goods and services
7) Things that can be bought and sold are called what?
A
producer
B
consumer
C
services
D
goods
8) To exchange one thing for another is...
A
bank
B
trade
C
save
D
income
9) What is income?
A
the money people earn for the work they do
B
the making or selling of goods and services
C
to exchange one thing for another
D
to keep money to use later
10) What is a consumer?
A
someone or something that can give information
B
a person who buys and uses goods and services
C
a person who makes, grows, or sells goods
D
not in good supply
*select an answer for all questions
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