Chapter Review Quiz

Directions:

Complete each sentence below by inserting the correct word(s). You may refer to pages 217–251 in Contemporary’s GED Social Studies if you need additional help. When you have finished the quiz, click on Submit Answers to receive feedback and results. You may also choose to e-mail your results to your instructor.


1		are people who buy goods and services.


2		is an economic system that is based on the private ownership of property and the resources of production.


3		is an economic system in which property is owned by the state, and all citizens share in the common wealth, more or less according to their need.


4		The modern economy first developed in the continent of .


5		One of the two major factors affecting price is , the desire and ability of consumers to buy a product or service.


6		unemployment is unemployment caused by a rapid change in the character of the economy.


7		tax is money paid to federal, state, or local governments on the purchase of goods or services.


8		The International Monetary Fund (IMF) and the World Bank are examples of .


9		A card allows you to obtain goods and services and be billed for them later.


10		Great Britain was the birthplace of the , which resulted in an enormous increase in productivity and wealth.

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