Unit 1 Vocabulary Quiz [B] Review

A group of people with similar customs, backgrounds, training, and income.

• social class

• specialization

• government

• artisan

An amount produced in excess of what is needed.

• barter

• producer

• surplus

• money

The exchange of goods or services for other goods or services without using money.

• market economy

• government

• irrigation

• barter

The New Stone Age which was a period that lasted from 8000 to 3000 B.C. and was marked by the beginning of farming and the development of pottery and weaving.

• Paleolithic Age

• Mesolithic Age

• Neolithic Age

• Çatalhöyük

The Old Stone Age which was a period that lasted from about 2.5 million to 8000 B.C. and was marked by the use of simple stone tools by the earliest humans.

• Paleolithic Age

• Mesolithic Age

• Neolithic Age

• Çatalhöyük

The consumer’s desire and willingness to pay a price for a specific good or service.

• supply

• demand

• equilibrium price

• money

The total amount of a specific good or service that is available to consumers.

• consumer

• producer

• demand

• supply

The free exchange of goods and services based on supply and demand.

• market economy

• barter

• equilibrium price

• government

Something that serves as a medium of exchange, a unit of accounting, and a store of value.

• money

• specialization

• surplus

• credible

The approximately 5,300 year-old well-preserved natural mummy of a man discovered in the European Alps in A.D. 1991.

• artisan

• Otzi

• Catal Huyuk

• irrigation