Social Studies Term 3: Action/Reaction

What are THREE advantages that globalization has on a country?

• Wider variety and access to goods

• Increased jobs in countries where jobs are scarce

• Decreased cost of manufacturing

• Increased cost of manufacturing

• Less jobs were available to others

Which THREE details describe a COMMAND economic system?

• Resources owned by government

• Government or central authority makes economic decisions

• Profit is motive for increasing work

• Government sets prices of goods and services

• Resources are owned by individuals

Which THREE details explain how climate and geography led to the rise of pastoral societies on the Central Asian steppes?

• Rainfall was irregular

• Temperatures were extreme in some areas

• Soil was extremely fertile everywhere

• People used land unstable for farming to domesticate animals

• Everywhere had the same amount of rainfall

Which THREE details describes MARKET economic systems?

• Economics centered around family, tribe, ethnic group

• Resources owned by individuals

• Profit is motive for increasing work

• Resources owned by government

• Economics determined by individuals competing to earn profits based on supply and demand

How did the Silk Road impact history? Choose 3 responses

• The Silk Road was a network of trade routes in North America

• The Silk Road was a network of trade routes linking Asia with Europe

• There was an exchange of information, technology, innovations, and culture

• It paved the way for explorers to learn about culture and geography of the east

• Nothing was traded or exchanged because of poor weather conditions

How has government evolved from Ancient China to today? Choose 3 answers.

• Dynasty system of government began around 221 BCE

• A weak, republican form of government existed between 1912-1949

• Democracy was the first form of government

• A strong government took over in 1912

• The ruling Chinese Communist party has controlled China from 1949 and on

Which THREE details explain a TRADITIONAL type of economic system?

• Government sets all prices

• Capitalist economy

• Tradition and custom govern economic decisions

• Economics centered around family, tribe, ethnic group

• Choices are determined by the environment

What are THREE disadvantages that globalization has on a country?

• Income inequality among more- and less-educated members of a society

• Poor working conditions for outsourced workers

• Education opportunities for everyone

• Job increase for other countries

• Job loss due to outsourcing

What THREE details describe a MIXED economic system?

• Combined elements of market and command systems

• Government makes all decisions

• Government and individuals share economic decisions

• Resources owned by government

• Resources owned by individuals