7th Gr. Ss Review Part 2 Question Preview (ID: 37549)


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Which of these would probably NOT have a TRADITIONAL economy?
a) Sudan
b) Kenya
c) Nigeria
d) Japan

Many countries have all three types of economies. This is called ________.
a) market
b) mixed
c) command
d) traditional

This country's businesses have the MOST government control (command).....
a) China
b) Japan
c) North Korea
d) India

Why is specialization important for international trade?
a) It keeps prices low
b) It limits agriculture
c) it allows people to do a more efficient job at producing (making) what they make best; and trade for other necessary things.
d) They can only make one product well.

A limit or certain amount that a foreign country can sell in another country is called a ......
a) quota
b) a tariff
c) tax
d) embargo

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

HUMAN capital is the _____________________________________.
a) money for goods
b) tax from workers
c) amount of goods sold
d) skills, education, ideas that workers have

A high GDP (gross domestic product) usually causes a ______________
a) low literacy rate
b) high standard of living
c) poverty
d) low productivity of the workers

An example of a business's CAPITAL RESOURCES might be _______________
a) a factory
b) scholarship money
c) workers
d) money for training workers

How did new African borders cause problems after World war II ?
a) They went along river borders
b) They were too large
c) Europeans wanted the minerals
d) They ignored different tribes and cultures

What is your favorite subject?
a) social studies
b)
c)
d)

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