7 SS - Human Geography Economics Quiz

7 SS - Human Geography Economics Quiz

7th Grade

6 Qs

quiz-placeholder

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7 SS - Human Geography Economics Quiz

7 SS - Human Geography Economics Quiz

Assessment

Quiz

Social Studies

7th Grade

Easy

Created by

M Abel

Used 2+ times

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6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

measurement that seeks to capture a country's economic output; healthy economies grow most years

Currency

Gross Domestic Product (GDP)

Labor Force

Unemployment Rate

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

number of people who are employed plus the unemployed who are looking for work

Deficit

Exchange Rate

Labor Force

Unemployment Rate

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

when a government, company, or individual has more revenue than expenses

deficit

surplus

currency

budget

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

list of revenues and expenses; balanced if revenues are greater than expenses

Budget

Currency

Capitalism

Monopoly

5.

MATCH QUESTION

1 min • 5 pts

Match the following

movement of goods or service into a country from a place outside the country

Unemployment Rate

rate at which one currency will be exchanged for another currency

Export

movement of goods or services to a place outside the country

Import

percentage of labor force that is unemployed but actively seeking employment and willing to work

Exchange Rate

system of exchange, usually overseen by a government

Currency

6.

MATCH QUESTION

1 min • 5 pts

Match the following

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

Monopoly

consumer's desire to purchase goods/services and pay a price for the product

Deficit

economic system in which private individuals and companies own property and seek profit

Demand

individual, company, or group controls most of a particular service, product, or sector

Supply

when a company, government, or individual has less revenue than expenses

Capitalism