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Worksheets

7th grade Review

Total questions: 30

Worksheet time: 29mins

Name
Class
Date
1.

From Personal Finance:

Factories, machines, and tools are all:

a)

capital goods

b)

natural resources

c)

manufactured goods

d)

human resources

2.

From Personal Finance:

________ has very small amounts of natural resources with limited farmland and mineral resources

a)

China

b)

Japan

c)

India

d)

North korea

3.

From Personal Finance:

Just because a country is resource poor does not mean that it is a poor country.

a)

True

b)

False

4.

From Personal Finance:

People that own their own businesses are called _________.

a)

chief financial officers

b)

supervisors

c)

managers

d)

entrepreneurs

5.

From Personal Finance:

Countries with entrepreneurial cultures are more able to satisfy the wants of its ________.

a)

trade partners

b)

demands

c)

government

d)

people

6.

From Personal Finance:

People exchange their mental and/or physical labor for a salary, wage, or ____________________.

a)

income

b)

allowance

c)

support

d)

expenditures

7.

From Personal Finance:

A person's income is linked to their:

a)

neither of these

b)

skills they can offer

c)

amount of education

d)

both of these

8.

From Personal Finance:

_______ are plans that people can use to make wise decisions about how much of their income should be spent and how much should be saved.

a)

Studies

b)

Budgets

c)

Non-visions

d)

Whimsical desires

9.

From Personal Finance:

People should ______ and invest some of their income on a regular basis in order to acquire more costly goods and services in the future.

a)

not worry about tomorrow

b)

go into debt

c)

spend

d)

save

10.

From Personal Finance:

Life never gives us unexpected expenses so having a savings account is not important.

a)

True - life is very predictable

b)

False - definitely not true (be smart and save)

11.

From Personal Finance:

_______ is borrowing money that you must repay with interest.

a)

Assets

b)

Entrepreneurship

c)

Savings

d)

Credit

12.

Mrs. Ritcheson loves me and believes that I am going to rock the socks off the PPA tomorrow!!!

a)

TRUE - pick this one

b)

false - don't pick this one

13.

Identify this island country.

a)

China

b)

Vietnam

c)

Japan

d)

India

14.

Identify the country labeled D.

a)

Nigeria

b)

South Africa

c)

Kenya

d)

Democratic Republic of Congo

15.

Identify the country labeled #23 (south of China).

a)

Mongolia

b)

Indonesia

c)

Japan

d)

Vietnam

16.

China, Cultural Revolution, Red Guard, famine, Great Leap Forward

These things are associated with:

a)

Mohandas Gandhi

b)

Ho Chi Minh

c)

Mao Zedong

d)

General Douglas MacArthur

17.

Zionism, Diaspora, the Holocaust, anti-Semitism

These are all associated with:

a)

Establishment of the country of Vietnam in 1948.

b)

Establishment of the country of Palestine in 1948.

c)

Establishment of the country of Israel in 1948.

d)

Establishment of the country of India in 1948.

18.

Citizens participate MOST in:

a)

a monarchy

b)

a democracy

c)

an autocracy

d)

a communist country

19.

Most countries in the world have a _________ economy.

a)

command

b)

market

c)

mixed

d)

traditional

20.

A country's literacy rate is linked to:

a)

Citizens' access to education

b)

A country's wealth/ lack of wealth

c)

Gross domestic product

d)

All of these

21.

About what do Shia and Sunni Muslims disagree?

a)

if there is one god or many gods.

b)

The leadership of the religion.

c)

If Jesus was resurrected from the dead.

d)

What they should specialize in.

22.

What is Israel's unicameral legislative branch called?

a)

the House of Saud

b)

Congress

c)

Knesset

d)

Grand National Assembly

23.

What communist countries have we studied this year?

a)

Saudi Arabia, North Korea, and Afghanistan

b)

China, Iraq, and Iran

c)

Russia, India, and Vietnam

d)

North Korea, Vietnam, and China

24.

A tax placed on goods coming into the country is called:

a)

tariff

b)

quota

c)

embargo

25.

A limit on the amount of a foreign good that can be imported is called _______.

a)

tariff

b)

quota

c)

embargo

26.

To stop a country from trading is called a(n) ________.

a)

tariff

b)

quota

c)

embargo

27.

Lack of fresh water in the Middle East AND borders created by European countries in Middle East and Africa

These are both reasons for:

a)

religious difference throughout Asia and Africa

b)

low literacy rates

c)

peace throughout Asia and Africa

d)

conflict between countries/ ethnic groups

28.

From Personal Finance:

To make money while saving it, a person should:

a)

use credit cards

b)

give it away

c)

spend it

d)

invest it

29.

Because the U.S. is interested in natural resources (like oil), it maintains relationships with:

a)

Turkey and Israel

b)

South Africa

c)

China and Japan

d)

the Middle East

30.

How is the leader (president) chosen in a presidential democracy (contrary to a parliamentary democracy)?

a)

the position is inherited

b)

the legislature chooses him/ her

c)

people directly vote on him/ her