ACP Review

Multiple Choice

Countries with High GDP per capita often...

• Have a low life expectancy

• Have a lower infant mortality rate

• Have a low literacy rate

• Have high infant mortality rates

Multiple Choice

Based on the economic indicators chart, which Latin American country has the highest

level of economic development?

• Bolivia

• Ecuador

• Mexico

• Peru

Multiple Choice

The best comparison of a socialist economic system to a free enterprise economic system

is -

• In a socialist economy, the government owns major industries, while they are privately

  owned in a free enterprise economy.

  
  

•  In a socialist economy, major industries are privately owned, while they are controlled by the

  government in a free enterprise economy.

  
  

•  In a free enterprise economy, the government cannot regulate industries, while in can in a

  socialist economy.

  
  

• In a free enterprise economy, the government does not control any industries, while it

  controls all

  
  

Multiple Choice

This is an example of...

• Retail

• Manufacturing

• Service

• Agriculture

Multiple Choice

The economic activity described in the text above can best be described

as______(1)________.

• Retail

• Manufacturing

• Service

• Agriculture

Multiple Choice

Based on the chart above, which country has the highest level of economic

development?

• United Kingdom

• Russia

• Germany

• Spain

Multiple Choice

How has the collapse of the communist system in Russia most affected factors of

production?

• They may not have enough workers for manufacturing

• It could lessen the creation of new businesses and expansion of business

• Natural resources prices would be under pressure

• There has been an increase in entrepreneurs due to a market economy