8th Grade Social Studies Chapter 7, Part 1 Test

The _________________________ was the change from manual production to machine-powered factory production that started in England in the late 18th century and spread to other places and brought a transformation in economy, society, and technology.

• Scarcity
• Artisan
• Extended family
• Industrial Revolution

_______________________ is money invested in a business venture.

• Capital
• Capitalist
• Famine
• Nativist

A ______________________ is a person who invents in a business to make a profit.

• Capital
• Capitalist
• Famine
• Nativist

_______________________________ is a shortage, lack of, or an insufficient amount of supply.

• Urbanization
• Trade union
• Scarcity
• Cash crop

_______________ is the amount of goods or resources in stock, on hand, or available in the market to sell.

• Strike
• Supply
• Credit
• Capital

_________________ is the movement of population from farms to cities.

• Artisan
• Outlaws
• Boom
• Urbanization

The difference between the cost of a good or service and its selling prices is know as __________________.

• Profit
• Credit
• Scarcity
• Cash crop

An agreement of contract in which a borrower receives money or goods now, with a agreement to repay a greater amount later is called _____________________.

• Profit
• Credit
• Organize
• Cash Crop

An ______________________ is a skilled worker.

• Outlaw
• Nativist
• Capitalist
• Artisan

A ___________________________ is an association of workers in a specific trade, or line of work, formed to gain higher wages and better working conditions.

• Discrimination
• Trade Union
• Nativist
• Extended family