Unit 7 Summative

Why do countries trade with each other?

• Most countries trade with other countries in order to make alliances.

• Most countries trade for foreign currency to promote economic growth.

• Most countries produce a surplus of goods that would be wasted otherwise.

• Most countries cannot efficiently produce everything their populations need.

Which lake is NOT one of the Great Lakes located between Canada and the United States?

• Lake Erie

• Lake Louise

• Lake Michigan

• Lake Superior

What is the BEST description of an entrepreneur?

• a government official who manages nationalized businesses

• a person who invests in a business by buying shares of stock

• a person who risks their own resources to start a new business

• a government official who writes new regulations for businesses

The St. Lawrence River flows into which major body of water?

• the Atlantic Ocean

• the Pacific Ocean

• the Labrador Sea

• the Beaufort Sea

The St. Lawrence River connects which of the following?

• Great Bear Lake and Baffin Bay

• the Great Lakes and Hudson Bay

• Great Bear Lake and the Pacific Ocean

• the Great Lakes and the Atlantic Ocean

How do quotas help make domestic industries more competitive?

• by setting the price at which foreign goods must be sold

• by setting the price at which domestic goods must be sold

• by limiting the number of goods exported to other countries

• by limiting the number of goods imported from another country

Which nation features a government that is both a constitutional monarchy and a parliamentary democracy?

• Brazil

• Canada

• Mexico

• United States

One difference between a parliamentary democracy and a presidential democracy is

• the level of protection of natural rights.

• the role of citizens in the legislative process.

• the concentration of power in a central authority.

• the process for choosing the head of government.

How are prime ministers in parliamentary democracies different from presidents in presidential democracies?

• Presidents are elected by the people, while prime ministers are chosen by legislatures.

• The position of prime minister is passed from parent to child, while presidents are elected.

• Prime ministers have little power, while presidents are the most powerful people in government.

• Presidents have executive and legislative power, while prime ministers only have executive power.

In which type of economy does the government control the factors of production?

• mixed economy

• traditional economy

• command economy

• market economy