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7th grade gov + econ assessment

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Last updated 12 months ago
4 questions
1
1
1
1
Question 1
1.

Why do governments collect taxes?

Question 2
2.

How do taxes affect public services?

Question 3
3.

Scenario 1: A severe drought affects wheat crops this year.

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Demand for bread rises
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Wheat prices stabilize
Wheat supply decreases
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Prices of wheat increase
Wheat production falls
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Farmers plant less wheat next season
Question 4
4.

Scenario 2: A new smartphone releases in the market.

Draggable itemarrow_right_altCorresponding Item
Production meets demand
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Count of available smartphones grows
Tech hype increases
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Older models lose value
Smartphone demand surges
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Smartphone prices decline