Economics Review

Front

What part of the economic spectrum would you find North Korea?

Back

On the left

Front

What part of the economic spectrum would you find the United States?

Back

On the Right

Front

Where would you find a people from the Amazon rain forest on the economic spectrum?

Back

Not on the line it is traditional

Front

Which economic system is the country that Justin lives in, given that he wants to open a business selling underwear and is now the third richest man in the world?

Back

Free Market

Front

Nationalization is to _________________ as Privatization is to Capitalism. Options: Free Market, Socialism, Traditional, Communism

Back

Communism

Front

What kind of Economic system allows government subsidies, food stamps, national airlines, and business ownership?

Back

Mixed economy

Front

Using the map and your knowledge of globalization, which country would be the most poor?

Back

Front

Which of the following is a good thing about globalization?
- More variety of products and competition
- Increased warfare
- Moving jobs to places with no minimum wage
- Loss of global culture

Back

More variety of products and competition

Front

What level of economic activity is the lady in the green (the one on the right)?

Back

Tertiary

Front

What three countries are in trade agreement of NAFTA?

Back

US, Mexico, and Canada