Social Studies Midterm Study Guide

Front

What is a traditional economy?

Back

A traditional economy is a system where jobs and economic decisions are based on customs and traditions, often passed down through generations.

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What is the most important factor in deciding a job in a traditional economy?

Back

The job your parents had.

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What does it mean to specialize in production?

Back

To specialize in production means to focus on making certain products that a country can produce efficiently.

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What are machines and instruments?

Back

Machines are tools that help people do work, and instruments are tools used for specific tasks, like music or measuring.

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What is an embargo?

Back

An embargo is a government order that restricts or prohibits trade with a specific country.

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What is a tariff?

Back

A tariff is a tax on goods that are imported or exported.

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What is a quota?

Back

A quota is a limit on the amount of a product that can be imported or exported.

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What is a parliamentary democracy?

Back

In a parliamentary democracy, citizens elect members of the legislature, and the legislature selects the head of government.

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What is a presidential democracy?

Back

In a presidential democracy, citizens elect the head of government directly.

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What are the Alps?

Back

The Alps are a major mountain range in southern Europe.