Social Studies Chapter 2 Practice Test

Which word describes what you see in this picture?

• Investment

• Opportunity cost

• Wants

• Needs

Johanna runs a jewelry store here in Peachtree Corners. She has decided to start exporting her jewelry. What conclusion can we draw about Johanna’s jewelry business?

• She will gain more customers by sending her goods to other countries.

• She will lose all of her money on shipping costs.

• She will start bringing goods in from other countries.

• She will save money and time by sending her goods to other countries.

This picture shows someone...

• Exporting goods.

• Importing goods.

• Producing goods.

• Shopping locally.

Using your answer from question 3, what is one reason they might do this?

• To make extra money.

• To gain more customers

• To try something new.

• To support their community.

Which of the following is a natural resource?

• Vegetables

• Tractors

• Scissors

• Education

Which of the following is a capital resource?

• Water

• Soil

• Scissors

• Planting seeds

Which of the following is a human resource?

• Planting seeds

• Air

• Tractors

• Soil

Layla studied hard for a big social studies test at school. What is another way of describing what Layla was doing?

• Volunteering for a good cause

• Supporting her community

• Investing in her human capital

• Learning more about her future.

Lainey wants to become a baker when she gets older. What is one way Lainey can increase her human capital?

• Practice with kitchen tools and try new recipes.

• Read the Harry Potter books.

• Babysit her neighbors.

• Clean up after her family.

Which of the following is an example of a need?

• Cupcakes

• Shelter

• Jewelry

• iPad