NFMS 7th Grade Social Studies Vocabulary Geo/gov/econ Summative 1/ Aug

Question 1

Ford has a sale on their 2004 model cars and trucks. with a free oil change, This is called

Accepted Answer

Incentive

Question 2

All of the following are characteristics of the US economy EXCEPT?

Accepted Answer

Centrally-planned economy

Question 3

Us finds of China uses lead paint in some toys they have been selling to the US companies

Accepted Answer

The US decides to put a embargo on China?

Question 4

In 'Funny Pants' what saying makes SpongeBob laugh?

Accepted Answer

Another day another nickel

Question 5

what are the economic System questions

Accepted Answer

what to,how much,for whom to produce

Question 6

Kin Jong-Un is a __ leader

Accepted Answer

autocratic

Question 7

The amount of a good that producers are willing to make or sell at a certain price

Accepted Answer

Supply

Question 8

Who was the headline act at Super Bowl XLVIII held on February 2 2014?

Accepted Answer

Bruno Mars

Question 9

Who benefits from a protective tariff?

Accepted Answer

local sellers

Question 10

Costs that cannot be recovered

Accepted Answer

Sunk Cost

Question 11

All nations and all economic systems must cope with scarcity.

Accepted Answer

True

Question 12

The Gross Domestic Product of a country is the total value of all?

Accepted Answer

goods and services produced in a country in a year

Question 13

The State of Israel is a

Accepted Answer

confederation

Question 14

What is Mr.Hunts first name?

Accepted Answer

Jeff

Question 15

Any form of wealth is considered

Accepted Answer

capital

Question 16

Japan has decided to limit the number of cars they will see the U.S to 23 million.

Accepted Answer

Quota

Question 17

Nigeria has an abundance of oil and has devoted most of their wealth to developing this it is?

Accepted Answer

Specialization

Question 18

A small group of people who run the government?

Accepted Answer

Oligarchy

Question 19

The amount of money left over after expenses are taken out

Accepted Answer

Profit

Question 20

Selecting an item from a set of alternatives is called

Accepted Answer

Choice

Question 21

Individuals and government share the decision-making process in which type of economy?

Accepted Answer

mixed

Question 22

What types of trade barriers are there?

Accepted Answer

Desert, Tariff, Quota

Question 23

Types of resources in a free market economy are

Accepted Answer

natural, human, capital and entrepreneurship

Question 24

Buying and selling is to ___ as currency is to____

Accepted Answer

trade/money

Question 25

If I want a good grade on this test I will?

Accepted Answer

Study 10 to 15 min per night

Question 26

North Korea makes most all economic decisions for the people they have a ______ economy

Accepted Answer

command

Question 27

How are decisions made in a traditional government?

Accepted Answer

Customs and habits

Question 28

The inability to satisfy all wants at the same time is called

Accepted Answer

Scarcity

Question 29

Republics

Accepted Answer

allow people to elect lawmakers

Question 30

Stores are government controlled and wages are set by the government in this economy.

Accepted Answer

command

Question 31

The amount of a goods that consumers are willing to buy at a certain price is

Accepted Answer

demand

Question 32

I am a Islamic priest, I run my government, what is my government?

Accepted Answer

Theocratic

Question 33

The way people get the most from their resources of land, labor, and man-made materials

Accepted Answer

economics

Question 34

Who lives in a treedome?

Accepted Answer

Sandy

Question 35

I am a princess and will soon be queen, I have a constitution in my county, my government is

Accepted Answer

Constitutional monarchy

Question 36

On "Good Luck Charlie", what is PJ's best friend who has a crush on Teddy?

Accepted Answer

Emmett

Question 37

The factors of production such as natural, human, capital, are called

Accepted Answer

Resources

Question 38

What is not part of a countries culture?

Accepted Answer

capital

Question 39

What would cause a person to have debt?

Accepted Answer

not paying bills on time, spending to much

Question 40

The US paid people to replace their old car with a more efficient one, this is an example of?

Accepted Answer

Spending

Question 41

The situation where needs are greater than resources, is known as:

Accepted Answer

scarcity

Question 42

What is Mr. Krabs middle Initial?

Accepted Answer

H

Question 43

The story of a hero who is sold into slavery by his stepfather because of a prohibited love?

Accepted Answer

The Legend of Hercules

Question 44

What sport does Mr. Stringer play?

Accepted Answer

Lacrosse

Question 45

Most companies in the world today have a ______ economy?

Accepted Answer

mixed

Question 46

How many fingers does SpongeBob have?

Accepted Answer

8

Question 47

One-time expenses an entrepreneur incurs when starting a business.

Accepted Answer

start up cost

Question 48

Steve Jobs risked his own capital to make the high tech company Apple, this is an a example of?

Accepted Answer

entrepreneur

Question 49

What channel is the I Carly show on

Accepted Answer

Disney

NFMS 7th Grade Social Studies Vocabulary Geo/gov/econ Summative 1/ Aug

Questions 49

NFMS 7th Grade Social Studies Vocabulary Geo/gov/econ Summative 1/ Aug

Questions 49