1. Grade 7 Social Studies
Chapter 3 Review

2. An event that starts a cause and effect chain in the first place
Profit
Needs
Trigger

3. An event that starts a cause and effect chain in the first place
Profit
Needs
Trigger

4. A person who gets an idea to start up a business and creates one.
Wants
Entrepreneur
Down Payment

5. A person who gets an idea to start up a business and creates one.
Wants
Entrepreneur
Down Payment

6. Money borrowed from the bank to pay for a home.
Mortgage
Poverty
Capital

7. Money borrowed from the bank to pay for a home.
Mortgage
Poverty
Capital

8. When the cost of basic needs is the same as the amount earned.
Getting by
Chance to get ahead
Profit

9. When the cost of basic needs is the same as the amount earned.
Getting by
Chance to get ahead
Profit

10. The money that goes into starting a business and maintaining it.
Trigger
Capital
Profit

11. The money that goes into starting a business and maintaining it.
Trigger
Capital
Profit

12. The money that business owners make after paying their expenses
Wants
Mortgage
Profit

13. The money that business owners make after paying their expenses
Wants
Mortgage
Profit

14. When the money a family brings in is more than their monthly expenses
Profit
Chance to get ahead
Mortgage

15. When the money a family brings in is more than their monthly expenses
Profit
Chance to get ahead
Mortgage

16. The things that an individual requires to survive.
Capital
Poverty
Needs

17. The things that an individual requires to survive.
Capital
Poverty
Needs

18. An organization that helps build homes for low income families.
Amnesty International
Unicef
Habitat for Humanity

19. An organization that helps build homes for low income families.
Amnesty International
Unicef
Habitat for Humanity

20. The portion of a home that a person first pays when they decide to buy a home.
Mortgage
Down Payment
Lease

21. The portion of a home that a person first pays when they decide to buy a home.
Mortgage
Down Payment
Lease

22. Goods and services are provided by the government
Capitalism
Socialism

23. Goods and services are provided by the government
Capitalism
Socialism

24. Competition is important for the creation of wealth
Capitalism
Socialism

25. Competition is important for the creation of wealth
Capitalism
Socialism

26. Things are done for what is best for the group
Capitalism
Socialism

27. Things are done for what is best for the group
Capitalism
Socialism

28. Individual freedom is highly valued
Capitalism
Socialism

29. Individual freedom is highly valued
Capitalism
Socialism

30. Cooperation is important for the creation of wealth
Capitalism
Socialism

31. Cooperation is important for the creation of wealth
Capitalism
Socialism