SHMS 6th Grade Social Studies Vocab 2
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Traditional Economy | people produce what they need to survive by farming or hunting and gathering
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| Market Economy | a country's economic decisions are based on what its people want to buy and sell
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| Command Economy | the government controls what is produced, how it is produced, and who gets the products
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| Mixed Economy | a country's economy is a combination of market and command; the government controls some parts of the economy
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| Specialization | when a country makes one or just a few goods or services, the cost of the items produced is lower
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| Tariffs | a tax on imported goods
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| Quotas | restrictions on the amount of a good that can be imported into a country
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| Embargoes | a government order that stops trade with another country
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| Currency | a country's system of money
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| Exchange Rate | the c hanging of currency from one country's form into another's to pay for goods
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| European Union (EU) | an organization of more than 25 European countries originally founded to encourage trade within Europe
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| Literacy Rate | the percentage of a country's people who can read and write
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| Standard of Living | the measure of a nation's quality of life based on income, education, life expectancy, and other factors
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| Human Capital | workers of a business or country including their education, training, skills, and health
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| Capital | factories, machines, technologies, buildings and property needed for a business to operate
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| Gross Domestic Product (GDP) | the total value of all the good and services produced in a country in one year
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| Per Capita | for each person
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| Entrepreneur | a person who risks money, time, ideas, and energy to start and run a business
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
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