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7th Grade: The Modern Global Economy Vocab

Total questions: 21

Worksheet time: 11mins

Name
Class
Date
1.

Measurement of a country's economic health, social conditions, and standard of living...

a)

development

b)

infrastructure

c)

referendum

d)

single-product economies

2.

The gross domestic product of a country, divided by population...

a)

initiative

b)

development

c)

per capita

d)

infrastructure

3.

The support or cornerstone of a country or state...

a)

per capita

b)

single-product economies

c)

development

d)

infrastructure

4.

When a government's main source of income is based on one industry...

a)

infrastructure

b)

single-product economies

c)

per capita

d)

referendum

5.

An amendment that is introduced by a private citizen...

a)

initiative

b)

referendum

c)

single-product economies

d)

infrastructure

6.

An amendment that is introduced in the state legislature...

a)

per capita

b)

infrastructure

c)

referendum

d)

single-product economies

7.

Lopsided or unequal...

a)

special economic zones

b)

industrialization

c)

disproportionate

d)

collectivization

8.

The mechanization or computerization of a nation...

a)

collectivization

b)

disproportionate

c)

special economic zones

d)

industrialization

9.

The process of moving away from privately owned farms toward government-run group farms...

a)

special economic zones

b)

collectivization

c)

industrialization

d)

disproportionate

10.

Specifically designated industries...

a)

special economic zones

b)

collectivization

c)

disproportionate

d)

industrialization

11.

To purchase products from other countries...

a)

export

b)

import

c)

exchange rate

d)

free trade

12.

To sell products to other countries...

a)

protectionism

b)

import

c)

quota

d)

export

13.

A limit on the amount of a good that can be imported...

a)

exchange rate

b)

quota

c)

import

d)

free trade

14.

Act of guarding a country's economic system...

a)

quota

b)

export

c)

protectionism

d)

free trade

15.

Trading with limited or no restrictions...

a)

free trade

b)

import

c)

export

d)

quota

16.

The value of one nation's currency compared to another...

a)

free trade

b)

exchange rate

c)

import

d)

protectionism

17.

Each person is dependent upon other people for certain things...

a)

fiber optics

b)

intermodal

c)

economic interdependence

d)

westernization

18.

Characterized by a capability to be transported in multiple ways like air, water, land, etc...

a)

globalization

b)

economic interdependence

c)

intermodal

d)

fiber optics

19.

Pulses of light carried long distances along optical glass fibers...

a)

intermodal

b)

globalization

c)

westernization

d)

fiber optics

20.

The rapid travel of ideas, cultures, goods, and information across national borders...

a)

westernization

b)

globalization

c)

economic interdependence

d)

intermodal

21.

The process of acquiring Western characteristics...

a)

westernization

b)

fiber optics

c)

globalization

d)

economic interdependence