Economic Terms

Economic Terms

Assessment

Flashcard

Social Studies

7th Grade

Practice Problem

Hard

Created by

Denise Gregorius

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5 questions

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1.

FLASHCARD QUESTION

Front

Embargo

Back

An official ban (stop) on trade with another country. Example: The president caused the country to be embargoed by nations who opposed Russia.

2.

FLASHCARD QUESTION

Front

Non-renewable resource

Back

A resource that cannot be replaced.

3.

FLASHCARD QUESTION

Front

Import

Back

A material or finished product that is brought into a country from abroad. Example: America imports maple syrup from Canada with a 25% tariff.

4.

FLASHCARD QUESTION

Front

scarcity

Media Image

Back

When there is a shortage or limited supply. Example: The scarcity of water in the Middle East causes many problems.

5.

FLASHCARD QUESTION

Front

Drought

Media Image

Back

A lack of rain over a long period of time. Climate change has caused many droughts.

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