Practice Economic Geography

What are the three basic economic questions every society must answer?

• What to Produce, How to Produce, For whom to Produce?
• Where to Produce, When to Produce, How to Produce?
• What to Produce, Who to Produce for, How much to Produce?

In Bolivia, why is lithium mining important for the 'What to Produce?' question?

• It is a major resource for electric cars and smartphones
• It helps preserve traditional cultures
• It is a way to protect the environment

What does the question 'What to Produce?' refer to in an economy?

• Deciding how to use resources
• Choosing which goods and services to make
• Determining who gets the products

How does geography influence the 'How to Produce?' question?

• By deciding who benefits from production
• By determining the methods and processes for production
• By influencing the prices of goods

What does the 'For Whom to Produce?' question focus on?

• How goods are produced
• Who benefits from the goods and services
• What goods are available in the market

How does geography influence what goods and services a society produces?

• By determining the climate and weather patterns
• By providing access to resources and trade routes
• By influencing cultural beliefs and customs

In a market economy, who primarily makes the decisions about production?

• The government
• Consumers and producers
• Cultural leaders

What is a characteristic of a command economy?

• Minimal government involvement
• Private ownership of industries
• Government control over production and distribution

What is one challenge faced by command economies?

• Limited government control
• Lack of incentives for workers
• Rapid technological advancement

Which of the following best describes a traditional economy?

• An economy driven by technology and innovation
• An economy based on cultural beliefs and customs
• An economy focused on global trade