Round 1 (Grade 7)

Consumption refers to:

• The production of goods and services

• The use of goods and services to satisfy needs and wants

• The export of goods

• The sale of goods

Which of the following is an example of a natural resource?

• A factory

• Water

• A computer

• A car

Which of the following is a key characteristic of a democratic system?

• Free and fair elections

• Absolute power held by a monarch

• Limited individual freedoms

• State control of the media

Which of the following best describes a "need"?

• A desire for luxury goods

• Something essential for survival

• Something that enhances comfort

• A preference for a particular brand

What is a market?

• A place where goods and services are produced

• A system where buyers and sellers exchange goods and services

• A store where goods are sold

• A financial institution

Who is considered the father of archaeology?

• Flinders Petrie

• Howard Carter

• Leonard Woolley

• William Matthew Flinders Petrie

What is the term for the process of exposing hidden artifacts, sites and recording the findings from the archaeological sites?

• Excavation

• Survey

• Documentation

• Conservation

Which of the following is an example of capital as a factor of production?

• A factory building

• A worker's skills

• Natural resources like water

• A company's management

What is the primary characteristic of a monarchical system of government?

• Rule by a single leader with absolute power

• Rule by a small group of individuals

• Rule by the majority

• Rule by divine authority

What is the term for the transfer of power from one monarch to another?

• Succession

• Inheritance

• Election

• Appointment