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Economics

Authored by John Robinson

Social Studies

7th Grade

Economics
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15 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

GDP divided by the total population of the country

Gross Domestic Product

Quota

Per Capita GDP

Income

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A way of limiting the amount of foreign goods that can come into a country

tariffs

quotas

embargoes

exchange rate

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

the monetary payment received for goods or services, or from other sources, such as rents or investments

tariffs

Gross Domestic Product

credit

income

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

to put $ to use in something offering potential profitable returns, such as interest, income, or appreciation in value

invest

credit

savings

tax

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

a trade barrier in which one country announces that it will no longer trade with another country in order to isolate & cause problems with that country's economy

tariff

quota

embargo

income

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

the ability to borrow money

income

entrepreneurship

specialization

credit

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

the $ that you have not spent after buying things you want

income

savings

free enterprise

specialization

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