Semester Re-Test

Front

A duty to other people, the government, or society is a:

Back

Responsibility

Front

Which of these two are a better indicator on how wealthy a country is? GDP (Gross Domestic Product), GDP per capita (Gross Domestic Product per person)

Back

GDP per capita (Gross Domestic Product per person)

Front

Wheat grown in Kansas is shipped out to Japan. This is an example of:

Back

Export

Front

If a country does not have a particular item (good), they may do this to get the item (good) into their country.

Back

Import

Front

Which statement BEST describes a free enterprise economic system? Options: The government owns all of the businesses and largely controls what items are available for the public., Citizens are able to create their own businesses and the government has little to no say in what is produced., While citizens are free to make their own products, the government provides oversight to make sure that the goods produced are safe., Free Enterprise is an unlimited government system where people are not free to speak out against the government.

Back

Citizens are able to create their own businesses and the government has little to no say in what is produced.

Front

Which economic system is most likely being described in this country? "In my country, all key decisions are made by our central planners. They hold complete power over all politics and economics in our nation. Our government directly owns the land, natural resources, and factories for the good of the people."

Back

Command

Front

GDP

Back

total value of goods produced and services provided in a country during one year

Front

Population density

Back

the number of people per unit of area

Front

Literacy Rate

Back

% of people who can read and write

Front

The higher the GDP/ GDP per capita, ___________.

Back

the stronger the economy