Social 10-1 Final Exam Terms

The interchange of raw materials and manufactured goods among distant groups of people, is called what?

• International Trade

• Free Market

• Capitalism

• Entrepreneurs

The period of great social and economic changes that saw the extensive use of machinery in production, especially within Great Britain in the 18th and 19th centuries was called?

• Y2K

• The Black Plague

• Industrial Revolution

• Mercnatilism

From the 16th to the 19th centuries, a system of government-sponsored international business ventures designed to make European monarchs rich is called?

• Eurocentrism

• Paternalistic

• Mercantilism

• Capitalism

The implementation of Residential Schools is an example of the government imposing:

• Collective identity

• Assimilation policy

• Capitalism

• Mercantilism

The interaction of diverse cultures and perspectives, which may result in changes in values, beliefs, and traditions is called?

• Assimilation

• Cultural Contact

• Worldview

• Resettlement

An agreement forged after the Second World War in the USA, by 44 countries to establish a

system of rules, institutions, and procedures for the postwar global economy, was the?

• The Cold War

• Free Market Economy

• Communism

• Bretton Woods Agreement

Printed money, such as a paper dollar, would be convertible to gold and could be cashed in at any time for that gold, was called?

• General Agreement on Tariffs and Trade (GATT)

• The Free Trade Agreement (1989)

• The Gold Standard

• Floating Exchange Rate

A situation in which the amount of currency in circulation increases yet each unit of currency buys less, so buying items would cost more, is called?

• Inflation

• GDP Per Capita

• Floating Exchange Rate

• Fixed Exchange Rate

A common measure of the quantity and quality of goods and services to which people have access, is called?

• Human Capital

• Quality of Life

• Standard of Living

• Stewardship

The obligation to maintain resources in a sustainable manner, is called?

• Stewardship

• Sustainability

• Privatization

• Social justice