Fall DPM Review

What is a Free Enterprise System?

• Total government control of the economy

• High taxes and strict government control

• People trade goods instead of money

• Private ownership of businesses and few government regulations

Growing fruit, managing animals, and harvesting crops are examples of:

• Retail industries

• Agricultural activities

• Manufacturing

• Service jobs

Store offers sales, businesses close down for the holidays, and a store fires an employee for stealing. This is an example of what type of an economy?

• Barter Economy

• Communist Economy

• Socialist Economy

• Free Enterprise Economy

Entrepreneurs, Labor, Capital Goods and Natural Resources are examples of -

(a)  

Sarah owns a dairy farm. She has three dozens cows that she has to feed and care for. Every day she milks the cows and sells milk to the supermarkets all over her state. Sarah works in a _______________ community.

• rural

• suburban

• urban

• busy

What are the four basic institutions for all societies?

• Government, Education, Religion, and Economy

• Geography, Culture, Global Interdependence, and Food

• Sports, Clothing, Religion, and Food

• History, Government, Multicultural, Cultural Diffusion

____________ ______________ is when ideas, culture traits, or products spread from one country to another.

(a)  

Which Basic Institution of Society determines how goods are produced and distributed?

• Education

• Government

• Religion

• Economy

Which Basic Institution of Society impacts what academic knowledge children are taught?

• Education

• Government

• Economy

• Religion

Which Basic Institution of Society impacts the rules citizens have to follow and who gets to make those rules?

• Government

• Economy

• Education

• Religion