SS Semester 2 Exam Review

What are the three types of economies?

• Market, Command, Traditional

• Market, Mixed, Traditional

• Mixed, Command, Traditional

• Mixed, Command, Market

Iin which type of economic system does the government control what a factory produces and what price it will charge for those products?

• Market

• Mixed

• Command

• Traditional

What would be the MOST important factor in deciding what job you would have if you lived in a traditional economy?

• The types of factories in your area

• Careers that you were most interested in

• How smart you were in school

• Where the government wanted you to work

• The job your parents

In which economic system are the production and distribution of goods owned by private individuals and corporations?

• Traditional

• Market

• Command

• Feudalism

Why do people tend to live near water? In particular, why is it good economic decision to live near water?

• Because a little bit of water can be converted into powerful bombs through atom splicing

• Because water is relaxing to live near

• Because oceans and rivers make trading easier as trade can be done by boat

• Because water is dangerous, and people like the thrill of living near it.

What type of government allows only one person to have unlimited power?

• Autocratic

• Parliamentary

• Democratic

• Presidential

What type of government has its Members of Parliament choose the leader?

• Parliamentary

• Presidential

Who makes the laws in a presidential democratic government?

• The president

• The legislature

• Both the president and the legislature

• The people who vote for the president.

All citizens can participate in this type of government

• Oligarchy

• Autocracy

• Democracy

• Theocracy

Which letter marks the location of Hudson Bay?

• Letter W

• Letter X

• Letter Y

• Letter Z