Modern World History Midterm Exam

Front

When the government controls all major industries and decides what products will be produced and how many of each type of product will be produced, what type of economy is described? Options: command, mixed, market, traditional

Back

command

Front

How do market economies respond to high consumer demand for a product?

Back

Private companies increase production of the product.

Front

How can a country change from a command economy to a market economy?

Back

If industries that had been owned by the government become privately owned.

Front

How has the economic system of a country changed when production decisions shift from customs and beliefs to competition and consumer choice?

Back

from a traditional economy to a market economy

Front

A communist country most often has what type of economy?

Back

command

Front

A capitalist country most often has what type of economy?

Back

market

Front

A tribal community is more likely to have this type of economy than modern socialist, communist, or capitalist nations.

Back

traditional

Front

Which came first on the timeline of World History in Europe? Options: Medieval Era, Science Revolution, Industrial Revolution, Enlightenment

Back

Medieval Era

Front

Which came first on the timeline of World History in Europe? This one was necessary for the other two to have developed. Options: Science Revolution, Industrial Revolution, Enlightenment

Back

Science Revolution

Front

Which one came first on the timeline of World History? Options: Times of Aristotle and Cicero in Ancient Greece and Rome, Medieval Era, Science Revolution

Back

Times of Aristotle and Cicero in Ancient Greece and Rome