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Social Studies Praxis > World History and Economics > Flashcards

World History and Economics Flashcards

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1
Q

________ was the turning point in human history from the hunter gather model to sustenance to an agrarian lifestyle

A

Neolithic Revolution

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2
Q

what did the Neolithic Revolution spark?

A

tools, writing, art, technology, and religion

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3
Q

mesopotamia is known for what river?

A

tigris-euphrates

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4
Q

egypt is known for what river?

A

nile river valley

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5
Q

indus valley civilization is known for what river?

A

indus river

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6
Q

china is known for what river?

A

yellow river

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7
Q

what advancement is mesopotamia known for?

A

cuneiform. which is a form of script

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8
Q

what advancement are egyptians known for? what is something else they are known for?

A

first to develop their language into writing, known as hieroglyphics. they are also known for their pyramids

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9
Q

what two dynasties were in china?

A

Xia and Shang

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10
Q

what was the Ottoman’s Empire contributions?

A

conquered and ended the Byzantine Empire, controlled much of Europe , known as turkish empire

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11
Q

What are some of Africa’s contribution?

A

gold, wealth, resources

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12
Q

what were some major developments that occurred in 20th century?

A

technology, communication, energy

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13
Q

who invented the assembly line

A

henry ford

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14
Q

who invented thelight buld

A

thomas edison

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15
Q

what was the age of reason?

A

transition from faith-based reasoning to medieval era to rational reasoning

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16
Q

what was the enlightenment?

A

intellectual movement for freedom, democracy and reason

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17
Q

what is the age of exploration?

A

europeans began exploring trade routes to avoid ottoman empire.

18
Q

who was the american revolution between?

A

between the british and the 13 american colonies

19
Q

what was the french and indian war

A

also known as the seven years war. fought between great britain and france over maintaining their land.

20
Q

by 1914, what two counties in africa were independent?

A

Liberia and Ethiopia

21
Q

what is a recession?

A

temporary economic decline

22
Q

what is gross domestic product?

A

the value of goods and services

23
Q

what is capitalism

A

business owners produce goods and provide serves in order to make a profit, not for personal consumptions

24
Q

what is socialism?

A

no private business owners , system of collective or government ownership

25
Q

what is communism?

A

where no private property exist nd there is central production

26
Q

what is monopoly?

A

where there is only one producer/seller. has control over the price and service

27
Q

what is oligopoly?

A

where there are few producers/sellers make up the industry.

28
Q

what is equilibrium? what is it also known as?

A

balance between supply and demand. also known as allocation efficiency

29
Q

what does elasticity mean?

A

consumers change their demand and producers change their supply in response to changes in price or income

30
Q

what is cost scarcity?

A

limited availability of goods and services

31
Q

what is opportunity cost?

A

the loss of potential gain from other alternative when one alternative is chosen

32
Q

what is an embargo?

A

a ban on trade

33
Q

what is the federal reserve?

A

the central banking system of the united states

34
Q

what is a tariff

A

a tax or duty to be paid on a particular class of imports or exports

35
Q

what is comparative advantage?

A

country produces a good or service for a lower opportunity cost

36
Q

what is absolute advantage?

A

when a country produces greater quantity of a good, product on competitors.

37
Q

what is inflation?

A

a rise in general price

38
Q

what is deflation?

A

a decrease in the general price of goods

39
Q

what is traditional economic system?

A

traditions, customs, and beliefs shape the goods and the services

40
Q

what is command economic system?

A

government determines what goods should be produced and how much should be produced

Social Studies Praxis (3 decks)

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