Political & Economic Geography Review

In the United States, the majority of businesses are privately owned and the government control of businesses is limited. This identifies it as having a ______ form of economy.

• Traditional Economy

• Free Enterprise Economy

• Socialist Economy

• Communist Economy

The above chart describes examples of which level of economic activity?

• Primary

• Secondary

• Tertiary

• Quaternary

A key principle in the economic theory of communism is--

• Following the traditions of ancestors

• Competition between producers for a profit

• Government ownership of the means of production

• Privatization of business to promote growth

Based on the chart above, conclude how current trade patterns have affected globalization.

• People still prefer locally made products over foreign ones, despite globalization.

• Most countries today can only manufacture one or two kinds of goods.

• People now obtain many products from other countries based on their resources and specialization.

• Countries with mineral resources or profitable farming no longer manufacture products.

Which of the following is a factor that favors the development of primary economic activities?

• A location for industrial manufacturing operations

• The presence of natural resources

• The availability of neighbors willing to trade

• An economy based on communist ideals

Identify the types of government most closely linked with the above characteristics.

• Theocracy and Republic

• Monarchy and Democracy

• Democracy and Dictatorship

• Monarchy and Dictatorship

Conclude which economic practice developed as a result of the growth of trade routes.

• Free enterprise, as merchants looked to expand their businesses.

• Hunting and gathering, because people did not know how to farm.

• Subsistence farming, as farmers tried to get higher prices for their crops.

• Traditional economies strengthened because people were not moving.

Determine which family in the chart above is engaged in cottage industry.

• Family A

• Family B

• Family C

• Family D

The greater the country’s level of economic development the--

• Lower the cost of living

• Higher agricultural labor force

• Lower the urban population

• Higher the standard of living

A political system where a leader of the clergy has the political power and laws are based on a religious text can be best described as a--

• Oligarchy

• Democracy

• Theocracy

• Monarchy