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unit 5 vocab

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

What does the term "monopoly" refer to?

a)

A) A board game based on economics and property trading

b)

B) A government policy to control imports and exports

c)

C) Total control of a type of industry

d)

D) A legal agreement between two companies to share resources

2.

What is "urbanization"?

a)

A) The decrease in population of rural areas

b)

B) The process of a region ch to have more or larger cities or urban areas

c)

C) The study of cities and their economic models

d)

D) The migration of businesses to suburban areas

3.

What is the purpose of a "telegraph"?

a)

A) To transport goods across long distances

b)

B) To communicate messages over long distances by sending through wires

c)

C) To convert electrical signals into sound

d)

D) To broadcast television signals

4.

What does "capital" refer to in an economic context?

a)

A) The political center of a country

b)

B) Money or resources, use to produce goods and services

c)

C) The total wealth of a nation's government

d)

D) The interest earned on a savings account

5.

A system in which a societies economic is based on the machines and factories

a)

Urbanization

b)

Union

c)

Industrialism

d)

Investors

6.

A person who puts money into a business with the goal of making more money

a)

Monopoly

b)

Capital

c)

Investor

d)

Raw materials

7.

Total control of an industry

a)

Monopoly

b)

Chess

c)

Capital

d)

Investors

8.

A machine that communicates messages over long distances by sending signals through wires

a)

Industrialism

b)

Union

c)

Telephone

d)

Telegraph

9.

Something that can be used to make, or create a product such as cotton for clothing

a)

Union

b)

Telegraph

c)

Urbanization

d)

Raw materials

10.

An organization formed by workers to win and protect workers rights

a)

Capital

b)

Union

c)

Raw material

d)

Capital