Social Studies Post Test Review

Front

What is an embargo?

Back

A halt to trade with a particular country for economic or political reasons.

Front

What is a tariff?

Back

A tax placed on good coming into one country from another country.

Front

What is a system of currency exchange necessary for international trade?

Back

There must be a way to pay for goods purchased from countries with different types of currencies.

Front

How does literacy rate impact a nation's standard of living?

Back

Literate people have a positive impact on nation's standard of living.

Front

In a market economy, how are economic decisions made?

Back

by the consumers and the market

Front

What is human capital and what impact does it have on a business?

Back

The skills and education workers have which allow them to be a productive part of a business.

Front

Which best describes an entrepreneur?

Back

Someone who is willing to take a risk to begin a new business.

Front

What is anti-Semitism?

Back

hatred of Jews simply because they practice Judaism

Front

Why did the United Nations form a coalition to stop Iraq from taking over Kuwait in 1990?

Back

The economics of many countries depend on oil and Iraq's actions threatened that supply.

Front

Which countries have the largest deposits of oil in Southwest Asia today?

Back

Saudi Arabia and Iraq