Unit 4 Study Guide

Front

Coal and iron deposits found in the United Kingdom are sources of what type of resource?

Back

a natural resource

Answer explanation

Coal and iron deposits are naturally occurring materials found in the environment, making them natural resources. They are essential for various industries, distinguishing them from human capital or entrepreneurship.

Front

How do the literacy rates in European countries affect the standard of living in Europe?

Back

Literacy opens the door to high-paying jobs in many different industries.

Answer explanation

Literacy is crucial for accessing high-paying jobs across various industries, as it enhances skills and qualifications, leading to better employment opportunities and an improved standard of living in Europe.

Front

What conclusion can reasonably be drawn based on the information in the table?

Back

Germany encourages investment in capital goods more than Russia.

Answer explanation

The data indicates that Germany has policies that favor capital goods investment more than Russia, supporting the conclusion that Germany encourages such investments more than Russia does.

Front

What type of economy do the United Kingdom, Germany, and Russia all have?

Back

mixed economy

Answer explanation

The United Kingdom, Germany, and Russia all have a mixed economy, which combines elements of both market and command economies. This allows for private enterprise alongside government regulation and intervention.

Front

Based on the table, how do the expenditures of these countries' governments compare?

Back

Germany likely spends the most on education.

Answer explanation

Germany likely spends the most on education, as indicated by the data in the table. This suggests a strong investment in educational resources compared to the other countries listed.

Front

Why is it economically important for the United Kingdom to maintain its 99% literacy rate?

Back

Educated workers are more efficient, leading to a more productive workforce.

Answer explanation

Maintaining a high literacy rate ensures a more efficient workforce. Educated workers can perform tasks effectively, leading to increased productivity, which is crucial for economic growth and competitiveness in the global market.

Front

What industry does Germany specialize in?

Back

automobiles

Answer explanation

Germany is renowned for its automobile industry, being home to major manufacturers like Volkswagen, BMW, and Mercedes-Benz. This sector significantly contributes to the country's economy, making it the correct choice.

Front

Which economic sector contributes the LEAST to the United Kingdom's gross domestic product? Options: agriculture, construction, manufacturing, service

Back

agriculture

Answer explanation

Agriculture contributes the least to the UK's GDP compared to construction, manufacturing, and service sectors, which are more significant in terms of economic output.

Front

Which natural resource do Germany, Russia, and the United Kingdom all have large supplies of?

Back

coal

Answer explanation

Germany, Russia, and the United Kingdom all have significant coal reserves, making coal the correct answer. While they may have other resources, coal is notably abundant in these countries.

Front

What is the BEST title for the list that includes: 1. Promotes the movement of labor between member states; 2. Encourages recreational travel between member states; 3. Lowers transaction costs resulting from trade between member states; and 4. Enables consumers to easily compare prices in different member states?

Back

The Adoption of the Euro as a Common Currency of the European Union

Answer explanation

The list highlights benefits of a common currency, such as labor movement and price comparison, which aligns with the Euro's role in the European Union, making 'The Adoption of the Euro as a Common Currency of the European Union' the best title.