Social Studies Study

_____refers to the quality and quantity of goods and services available to people.

• Literacy Rate

• Standard of Living

• Life Expectancy

As literacy rates in a country increase, the standard of living will ___.

• Remain Constant

• Increase

• Decrease

Usually, the higher the literacy rate, the ___ the life expectancy.

• Lower

• Higher

The term “Pacific Rim” can refer to countries experiencing rapid ___ growth.

• Economic

• Geographic

• Political

• Spiritual

According to the video, ___ has become one of the most important economic powers of the Pacific Rim since the mid-1990s.

• Australia

• China

• Japan

• Taiwan

Which of these would NOT be considered part of the Pacific Rim?

• The United States

• The Philippines

• Singapore

• India

Which economy is NOT associated with major, industrial world economies?

• Command

• Market

• Mixed

• Traditional

In a Command Economy, __________ makes the basic economic decisions

• Consumers

• The Government

• Supply & Demand

In a ___ Economy, all basic economic decisions are made by producers and consumers.

• Command

• Market

• Mixed

• Traditional

In reality, all world economies can be classified as ___ economies

• Command

• Market

• Mixed

• Traditional