What is economic specialization?
7th SS - March Madness FINAL week

Quiz
•
English
•
6th - 8th Grade
•
Medium

Tara Mann
Used 22+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
Directly swapping goods from one country to another without having to use money
Trying to avoid investing in industry and technology because of the expense involved
producing all goods and services needed for a country's growth, so that trade with other countries is not needed
Producing those goods a country can make most efficiently so they can trade them for goods made by others that cannot be produced locally
2.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
The economies of Israel, Saudi Arabia, Turkey, and Iran could best be described as
Mixed
Command
Market
Traditional
3.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
What is an embargo?
A tax placed on goods coming into the country from overseas
A limit to the amount of a certain good allowed into the country
A formal halt to trade with a particular country for economic or political reasons
A tax paid by the producer before he can sell his goods in another country
4.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
What is a quota?
A decision to prevent certain goods from being imported
a tax placed on imported goods when they enter the country
a limit on the number or amount of a foreign-produced good that is allowed into the country
a tax placed on goods when they are purchased in the market
5.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
A political system in which voters separately choose a leader to serve in the government as head of the executive branch
Parliamentary Democracy
Autocracy
Presidential Democracy
Oligarchy
6.
MULTIPLE CHOICE QUESTION
1 min • 4 pts
How have the major rivers of Southwest Asia become a part of political conflict?
Many rivers dry up during the hot summers
The rivers have nothing to do with the area's political conflict
Several countries have built dams along their portion of the river, cutting off water to those living downstream
Most countries do not allow water to be taken out of rivers for irrigation
7.
MULTIPLE CHOICE QUESTION
1 min • 4 pts
People living in the deserts in Southwest Asia have usually made their living by
farming
working in the oil industry
mining and hired labor
trading animals and handmade goods
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