Gallopade Unit 6 - Australia: Vocabulary Test

Choose the correct definition of: import.

• to sell goods or services to another country

• to produce goods or services in another country

• to go to another country to look for goods and services

• to buy goods or services from another country

_____________ is a period when people or goods are held in isolation to prevent the spread of disease, insects, or other pests.

• embargo

• contaminant

• shield

• quarantine

___________ is a set of values, beliefs, attitudes, and behaviors among a group of people.

• stereotypes

• patterns

• culture

• rules

Choose the correct definition of: assimilate.

• to change the culture of a population or group

• to spread the culture of a population or group

• to integrate or be absorbed into the culture of a population or group

• to reject the culture of a population or group

_______________ is an economic system that answers economic questions through strict governmental control and regulations.

• traditional economy

• mixed economy

• market economy

• command economy

Choose the correct definition of: mixed economy.

• an economic system with elements of both market and traditional economies

• an economic system with the absence of both market and command elements

• an economic system with the absence of both traditional and command elements

• an economic system with elements of both market and command economies

Choose the correct word or phrase that defines: tariff.

• discount that is placed on goods brought into one country from another

• ban that is placed on goods brought into one country from another

• tax that is placed on goods brought into one country from another

• limit that is placed on goods brought into one country from another

This economic system answers economic questions based on supply and demand in the market. What people want to buy and sell determines what goods and services are produced.

• market economy

• traditional economy

• mixed economy

• command economy

____________________ is a naturally-made item, such as a tree, mineral, or fresh water, that people can use to help meet a need or want.

• industry

• chemical

• human modification

• natural resource

Choose the correct definition of exchange rate.

• the ratio used to determine how much of one currency can be exchanged for an equal value of another currency

• the ratio used to determine how many goods and services can be imported

• the ratio used to determine how many goods and services can be exported

• the ratio used to determine how much people are willing and able to pay for a product in another country