CBA 2 Review

Match the term "Factors of Production" with its correct definition.

• Money, property, tools, or factories that are used to start or operate a business

• The value of all goods and services produced within a country in a single year divided by the total number of people who live in that country

• Items produced for sale or use/activities provided to other people for pay

• The basic economic resources needed to produce goods and services; land, labor, and capital

• A very small supply of something

Which statement is true about a traditional economy?

• The government sets all economic policy.

• The work a person does is probably the same job done by his or her ancestors.

• Employees work as hard as they can thanks to the profit motive.

• The government makes more economic decisions than in a market economy.

Based on the chart, which country is most developed?

• Mexico

• France

• Egypt

• Indonesia

Which ocean is labeled as C?

• Atlantic Ocean

• Mediterranean Sea

• Danube River

• Italian Peninsula

Which of the following is a voluntary organization of European countries?

• NATO

• European Union

• United Nations

• Warsaw Pact

What was the goal of the Cold War related to communism?

• Spread democracy

• Stop or support the spread of Communism

• Promote capitalism

• Establish a global government

Which currency is common among European Union countries?

• Dollar

• Pound

• Euro

• Yen

Which country achieved independence from Britain and split into two countries in 1947?

• India

• China

• Japan

• Korea

Which country was an enemy of the United States during World War II?

• India

• China

• Japan

• Vietnam

Which country uses the Yangtze River as an important water source, but it is very polluted?

• India

• China

• Japan

• Thailand