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WG Economics Review

Authored by Eric Melin

Geography

6th - 8th Grade

Used 71+ times

WG Economics Review
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____________ is the development of a worldwide society; movement of people, goods, information worldwide?

Outsource

Globalization

GDP

Mixed Economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An American company moving its IT jobs to India is an example of ___________?

More Developed Countries

Traditional Economy

outsourcing

micro-enterprise

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The ability of one country to produce a good or service cheaper and more efficiently is called _____________?

outsourcing

comparative advantage

socialism

globalization

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Disrupting traditional economies is a disadvantage of __________?

micro-enterprise

GDP

tertiary

globalization

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a country at the secondary level of economic activity?

Work focuses on putting raw materials together, like cars and watches.

Companies using data to evaluate the effectiveness of new technology.

Cutting down trees, fishing, mining for precious gemstones.

Restaurants selling food, hotels housing tourists, shops selling goods

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Access to money is an obstacle poor women face in less developed countries. A small loan to those women could help them start a _____________?

command economy

macro-enterprise

microenterprise

comparative advantage

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

More Developed Countries _______________.

depend on raw material extraction

only exist in a command economy

are more likely to have coordinated health care, public universities, and have a higher GDP

populations tend to live in rural areas

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