Economics and Government Review

Which of the following is an example of a service? Select ALL that apply.

• Burger King

• sofa

• teaching

• construction

Which of the following is an example of a good? Select ALL that apply.

• shoes

• a phone

• a haircut

• a teacher

Which of the following is an example of a producer? Select ALL that apply.

• a doctor

• Amazon

• a person buying candy

• a person eating ice cream

Which of the following is an example of a consumer? Select ALL that apply

• a teacher

• Walmart

• a person that pays to have a cleaning service come to their house

• a person buying sushi

Ancient Athens had citizens vote directly on laws to govern themselves.

Which describes the government of Athens?

• Direct Democracy

• Representative Democracy

• Dictatorship

• Monarchy

A country that has aspects of a market economy plus a command economy is called a

• Market Economy

• Command Economy

• Mixed Economy

• Traditional Economy

The central government or an individual holds the power

• Democracy

• Autocracy

Which of the following is a characteristics of a Presidential Democracy?

• Leader answers to the people

• They have a president

• Citizens elect the leader

• All of the above

Which of the following is a disadvantage of a command economy?

• Citizens own everything

• Citizens have the say so

• Citizens have limited choices and freedoms

Which of the following trade barriers places a limit on imported goods?

• Tariff

• Quota

• Embargo