Studies Weekly #27

Which economic system is totally dependent on the government?

• traditional

• command

• market

• mixed

Which business would be a good one to start if you were an entrepreneur in India?

• farming

• making clothes

• computer service

• making furniture

If you can read and write you would be considered ___________.

• literate

• illiterate

• an entrepreneur

• a natural resource

Today the US enforces ​ (a)   against ​ (b)   countries.

• embargoes
• 22
• tariffs
• 20
• quotas
• 19

When did Asian economic growth start?

• when Bangladesh became a success

• when India promoted entrepreneurs

• when the Chinese began migrating

• when the literacy rate increased

What does the word entrepreneurship mean?

• working with technology

• between the ages of 19-35

• being supported financially

• starting and owning a business

What are embargoes, tariffs, and quotas?

• trade deficits

• trade barriers

• incentives

• none of these

Which term refers to a limit placed on the amount of an item that can be imported into a country?

• tariff

• quota

• embargo

• tax

What is used to protect American farmers by making imported goods more expensive?

• quota

• embargo

• tariff

• boycott

When a country ______________ in something - it means they can produce it better, cheaper and quicker than other countries can.

• specializes

• introduces

• imports

• none to these