Unit 5 Lesson 2: Economic Systems and Spatial Patterns

What was the Cold War primarily characterized by?

• Direct military conflict

• Political tension and nuclear arms race

• Economic cooperation

• Cultural exchange

Which of the following countries was considered part of the First World during the Cold War?

• United States

• Soviet Union

• China

• India

Fill in the blank: The economic system where the means of production are owned and controlled by the state is known as ________.

• A) Capitalism

• B) Communism

• C) Socialism

• D) Neoliberalism

Which policy is most associated with Neoliberalism?

• Government intervention

• Free market

• Central planning

• Protectionism

Fill in the blank: Free trade zones are areas where goods can be imported, handled, and exported without ________.

• A) Tariffs

• B) Regulations

• C) Taxes

• D) Quotas

What does NAFTA stand for?

• North American Free Trade Agreement

• National Association of Free Trade Areas

• North Atlantic Free Trade Agreement

• National American Free Trade Agreement

Which of the following is associated with NAFTA?

• European Union

• Maquiladoras

• ASEAN

• Mercosur

What is the purpose of Maquiladoras in relation to NAFTA?

• To promote local businesses

• To facilitate cross-border manufacturing

• To restrict trade

• To increase tariffs

In this economic system, the government owns all property and means of production.

• communism

• capitalism

• socialism

• democracy

Which economic system did the United States have during the Cold War?

• Capitalism

• Communism