Geography

What is a system of government where the people have the power to make decisions through voting?

• Monarchy

• Dictatorship

• Democracy

• Communism

Answer explanation

Democracy - People can vote

Which term refers to a system where a single ruler has absolute power?

• Democracy

• Dictatorship

• Market Economy

• Traditional Economy

Answer explanation

Dictatorship - One leader

What does the primary industry do/make?

• Manufacturing

• Services

• Raw materials

• Technology

Which type of economy is controlled by the government?

• Market Economy

• Command Economy

• Traditional Economy

• Mixed Economy

What does GDP stand for?

• Gross Domestic Product

• General Domestic Product

• Global Domestic Product

• Government Domestic Product

Which organization is known for providing humanitarian aid worldwide?

(Help people in need)

• United Nations

• International Red Cross

• World Bank

• NATO

Answer explanation

International Red Cross - Help people in need

Food and water: Delivering food and water to people in need

Shelter: Providing shelter to people in need... like houses

Health services: Providing health services to people in need (vaccines)

Vaccines: vaccines to people in need

Clean-up : Help clean-up after earthquakes and other disasters

Clothing and blankets: Give clothing and blankets to people who don't have any

Hygiene products: Providing hygiene products to people in need... like toilet paper, toothbrush, toothpaste

What is the term for the exchange of goods and services without using money?

• Trade

• Barter

• Credit

• Investment

Countries are linked to each other through culture and trade

(They share things and learn things from other countries)

• Globalization

• Isolation

• Nationalization

• Localization

Answer explanation

Globalization is when people, countries, and businesses connect and share things, like goods, ideas, and cultures, all around the world. It makes the world feel smaller and helps us learn from each other!

What is the role of an investor?

• To consume goods

• To produce goods

• Investing in the company

• To regulate markets

Answer explanation

An investor is someone who uses their money to buy things, like stocks or businesses, hoping to make more money in the future. It’s like planting a seed and waiting for it to grow into a big plant!

"To provide capital for businesses" - means giving money to a business so it can grow, buy new things, or start new projects. It’s like helping a friend with some money to start a lemonade stand, so they can buy lemons, sugar, and cups!

4o mini

What is a tariff?

• Government place tax on goods as it enters the country, state or region

• A type of currency

• A form of government

• A trade agreement