Unit 2 Review

Unit 2 Review

Multiple Select

Which of the following is a natural resource (check ALL that apply)

• beans

• oil

• medications

• lumber

Multiple Choice

The automobile factories in the United States are struggling because people can buy vehicles made in China for much cheaper. What is the best step the United States could take to help its automobile industry.

• Nothing. Let the US factories close.

• Declare war on China

• Place a tariff on the cars from China, so cars made in the United States are now cheaper than the ones made in China.

• Make the cars in the US more cheaply, even though they would be less safe.

Explanation

Remember, trade barriers such as tariffs help protect domestic industries. Placing a tax on cars made in China to make US cars cheaper than the Chinese-made cars is an example of this.

Multiple Choice

In her country, Jane can own her own business and property. However, she has to pay taxes on her property and obtain a license from the government to run her business. What type of economy does Jane live in?

• Mixed economy

• Pure Market economy

• Pure Command economy

• Traditional Economy

Explanation

• On the one hand Jane has the FREEDOM to own her own business and property

• On the other hand, Jane has to pay taxes to the government and get a permit from the government.

• Therefore, she lives in a mixed economy.

Multiple Choice

Which of the following correctly identifies each of the trade barriers.

• A tariff is a limit. A quota is a tax. An embargo is a ban.

• A quota is a ban. A tariff is a tax. An embargo is a limit.

• A tariff is a tax. A quota is a limit. An embargo is a ban.

• A quota is a limit. An embargo is a tax. A tariff is a ban.

Multiple Select

Which of the following is a characteristic of a traditional economy.

• Doing things the same way your ancestors did them.

• Bartering to obtain (get) the goods you need.

• A strong central government.

• Owning private property.

Open Ended

Why are natural resources beneficial to a coutry's economy?

Multiple Choice

Which of the following are reasons people move from Mexico to the United States?

• To find better economic opportunities and escape violence from the drug war.

• To escape religion persecution and to enjoy colder weather.

• To find better economic opportunities and be more accepted for their culture.

• To escape violence and avoid religious persecution.

Multiple Select

Which of the following is a reason some Canadians do not want Quebec to secede (check all that apply)

• Quebec is important economically to Quebec

• They hate French culture

• Quebec's location by the Atlantic Ocean is important to Canada's trade with other countries.

• Quebec is a major producer of oil.

Multiple Choice

Canada can efficiently produce oil and machinery. Which of the following countries would be the best trading partner for them.

• Venezuela, which can efficiently produce oil and medication.

• Guatemala, which can efficiently produce fruit and textiles (clothing).

• The United States, which can efficiently produce machinery and oil.

• Mexico, which can efficiently produce machinery and fruits.

Explanation

Guatemala is the BEST trading partner for Canada because they efficiently produce two items that Canada does not produce.

Multiple Choice

Both Canada and the United States have ________________ economies.

• pure market

• pure command

• traditional

• mixed

Multiple Choice

Latin American countries mostly export _______________.

• oil

• textiles

• foodstuffs

• medicines

Multiple Choice

Which of the following natural resources is particularly important to Brazil because of the Amazon Rainforest?

• coffee

• lumber

• oil

• rubber

Multiple Choice

True or False: The presence of drug cartels weakens democracy because it leads to government corruption.

• True

• False

Multiple Choice

True or false: Ending the war on drugs would lead to an increase in poverty rates.

• True

• False

Multiple Choice

What is this a picture of?

• The Canadian Shield

• The Rocky Mountains

• The Hudson Bay

• The St. Lawrence River

Multiple Choice

What two bodies of water does the St. Lawrence River connect?

• The Pacific Ocean and the Atlantic Ocean

• The Great Lakes and the Hudson Bay

• The Great Lakes and the Atlantic Ocean

• The Hudson Bay and the Atlantic Ocean

Fill in the Blanks

Poll

How ready are you for the test tomorrow?

• So ready! I will ace it!

• Pretty ready, but I need some more practice.

• Not ready at all! I need to study a lot!