Social Studies Midterm Study Guide
Flashcard
•
Science
•
1st Grade
•
Practice Problem
•
Hard
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16 questions
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1.
FLASHCARD QUESTION
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.
2.
FLASHCARD QUESTION
Front
What is the most important factor in deciding a job in a traditional economy?
Back
The job your parents had.
3.
FLASHCARD QUESTION
Front
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.
4.
FLASHCARD QUESTION
Front
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.
5.
FLASHCARD QUESTION
Front
What is an embargo?
Back
An embargo is a government order that restricts or prohibits trade with a specific country.
6.
FLASHCARD QUESTION
Front
What is a tariff?
Back
A tariff is a tax on goods that are imported or exported.
7.
FLASHCARD QUESTION
Front
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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