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7-1.3 & 7-1.4 Review

Social Studies

6th - 8th Grade

Used 13+ times

7-1.3 & 7-1.4 Review
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14 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who controls and regulates trade in a mercantilist economy?

the indivdual citizens
the government
only tax payers
the voters

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following describes a favorable balance of trade?

The mother country should import more than it exports.
The mother country should export more than it imports.
The mother country should export the same amount of goods as other countries.
The mother country should import all of its resources from other nations.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do colonies benefit the mother country in a mercantile system?

Colonies provide the mother country with raw materials and new markets.
Colonies sell finished products to the mother country.
Colonies export raw materials to other countries.
Colonies purchase finished products from other countries.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who controls and regulates trade in a mercantilist economy?

the indivdual citizens
the government
only tax payers
the voters

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which group began to form the middle class during the 17th and 18th centuries?

mercants
peasants
priests
nobles

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is capitalism based upon?

government ownership of resources
private ownership of resources
monarch's ownership of resources
no ownership of resources

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Colonization supported the European economic policy of mercantilism by providing what?

a way to purchase of excess silver and gold from colonies
a place to store raw materials for future use
finished products to sell in Europe
a market for selling goods

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