SS7E5 Flashcardizz

SS7E5 Flashcardizz

Assessment

Flashcard

Social Studies

7th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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10 questions

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1.

FLASHCARD QUESTION

Front

What is the main purpose of the Organization of the Petroleum Exporting Countries (OPEC)?

Back

To coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets.

2.

FLASHCARD QUESTION

Front

Which of the following is a characteristic of a traditional economy?
Options:
Reliance on industrial manufacturing and production,
Reliance on international trade and commerce,
Reliance on technology and innovation,
Reliance on agriculture and hunting

Back

Reliance on agriculture and hunting

3.

FLASHCARD QUESTION

Front

What is the primary goal of a market economy?

Back

Efficient allocation of resources

4.

FLASHCARD QUESTION

Front

Which of the following is an example of a human capital resource? A fleet of vehicles, A team of skilled employees, A herd of cattle, A collection of office supplies

Back

A team of skilled employees

5.

FLASHCARD QUESTION

Front

What is the main purpose of a trade barrier?

Back

To protect domestic industries and markets from foreign competition

6.

FLASHCARD QUESTION

Front

Which of the following is a benefit of specialization in international trade? Options: Increased productivity and economic growth, Higher costs and reduced efficiency, Limited access to resources and markets, Decreased productivity and economic growth

Back

Increased productivity and economic growth

7.

FLASHCARD QUESTION

Front

What is the role of the World Trade Organization (WTO) in international trade?

Back

Facilitate trade negotiations, enforce trade agreements, and resolve trade disputes between member countries.

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