Economic Geography Quiz

Which of the following best describes a traditional economy?

• Based on customs, bartering, and subsistence farming

• Free market with private ownership

• Government makes all economic decisions

• Mix of private and public ownership

In a market economy, what determines prices?

• Government regulation

• Supply and demand

• Cultural traditions

• Religious laws

Which of the following is an example of a primary economic activity?

• Teaching

• Mining

• Banking

• Construction

A country with a high GDP, strong infrastructure, and low birth rates is most likely:

• Developing

• Developed

• Underdeveloped

• Transitional

Which economic system is also known as capitalism?

• Mixed

• Command

• Free Enterprise

• Traditional

What is infrastructure?

• Money made per person

• Government buildings only

• Systems that support an economy like roads, power, and education

• Raw materials used in industry

Which of the following is a renewable resource?

• Gold

• Coal

• Seafood

• Iron

In a command economy, who controls production and prices?

• Consumers

• Private companies

• Central government

• International markets

Which is an example of commercial agriculture?

• A farmer growing food for their family

• A large company growing crops to sell globally

• Trading corn for tomatoes

• A community garden

Quaternary economic activity involves:

• Farming and mining

• Manufacturing goods

• Providing retail services

• Research and information technology