Social Studies Post Test Review

Social Studies Post Test Review

Assessment

Flashcard

History

7th Grade

Hard

Created by

Wayground Content

FREE Resource

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56 questions

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1.

FLASHCARD QUESTION

Front

What is an embargo?

Back

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

2.

FLASHCARD QUESTION

Front

What is a tariff?

Back

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

3.

FLASHCARD QUESTION

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.

4.

FLASHCARD QUESTION

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.

5.

FLASHCARD QUESTION

Front

In a market economy, how are economic decisions made?

Back

by the consumers and the market

6.

FLASHCARD QUESTION

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.

7.

FLASHCARD QUESTION

Front

Which best describes an entrepreneur?

Back

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

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