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Worksheets7th SS Government
Total questions: 37
Worksheet time: 4hrs 48mins
Name
Class
Date
1.
_______________ __________________is an original economic system in which traditions, customs, and beliefs shape the goods and the services the economy produces, as well as the rules and manner of their distribution.
a)
Market Economy
b)
Traditional Economy
c)
Command Economy
d)
Control Economy
2.
______________ _________________ is an economy in which decisions regarding investment, production, and distribution are based on supply and demand,[1] and prices of goods and services are determined in a free price system.[
a)
Market Economy
b)
Traditional Economy
c)
Command Economy
d)
Economic Economy
3.
__________________ _____________________ A system where the government, determines what goods should be produced, how much should be produced and the price at which the goods will be offered for sale.
a)
Parental Economy (love you Kaelyn)
b)
Command Economy
c)
Traditional Economy
d)
Market Economy
4.
OPEC stands for the following:
a)
Organization of People Exporting Country
b)
Organization of People Exporting Cats
c)
Organization of Petroleum Exporting Countries
d)
Organization of Petroleum Exporting Continents
5.
The purpose of OPEC is to:
a)
coordinate and unify the petroleum policies to create chaos in oil markets
b)
to unify the countries that produce petroleum to stabilize oil markets to secure a steady income to produces and a fair return on capital for those investing in the petroleum industry
c)
to disable the countries that produce petroleum to stabilize oil markets to secure a steady income to produces and a fair return on capital for those investing in the petroleum industry
d)
to unify the countries that produce petroleum to stabilize oil markets to secure a steady income to produces and an unfair return on capital for those consumers in the petroleum industry
6.
Tariff means:
a)
a tax to pay for social services
b)
a tax on income paid to the government
c)
a tax on purchases made on the internet
d)
a tax on imports or exports
7.
a limit on the quantity of goods that can be produced abroad and sold domestically
a)
Embargo
b)
Quota
c)
Tariff
d)
Market
8.
a partial or complete prohibition or ban between a group of countries that is imposed on imports and exports.
a)
Tariff
b)
embargo
c)
quota
d)
exbargo
9.
Which organization influences the price and the amount of oil that is produced.
a)
OPEC the Organization of Petroleum Exporting Continents
b)
OPEC the Organization of People Exporting Cats
c)
OPEC the Organization of People Exporting Coal
d)
OPEC the Organization of Petroleum Exporting Countries
10.
Which of the following are all countries are part of OPEC?
a)
Iran, France, United States, Nigeria
b)
Iran, Japan, Gaban, Kuwait
c)
Iran, Saudi Arabia, Iraq, Kuwait
d)
Iran, Jamaica, Phillippines, Qatar
11.
After which war the middle east nations decided to nationalize OPEC?
a)
After World War I (WWI)
b)
After World War II (WWII)
c)
After 9/11
d)
After the Gulf War
12.
The economy of Israel, Turkey, Saudi Arabia, Iran are:
a)
unfair
b)
mixed
c)
command
d)
traditional
13.
This country produces high technology, diamond cutting, machinery, and software
a)
Israel
b)
Turkey
c)
Saudi Arabia
d)
Iran
14.
Turkey industries and specialization (exports) are:
a)
petroluem
petroleum, plastics, nuts and fruits
petroleum, plastics, nuts and fruits
b)
soda, food, sugar, high-technolgoy
c)
textiles, food, automobiles, electronics, apparel
d)
diamonds, wood, paper, food, bevrages
15.
Saudi Arabia economy consists of:
a)
wood, paper, chemical products
b)
agriculture, software, machinery
c)
textiles, food, automobiles, manufacturing
d)
petroleum, plastics, chemicals, oil, natural gas
16.
What is nationalism?
a)
A belief in separating different regions of a country
b)
A belief where one country controls another
c)
A fixed allotment of goods and food
d)
A belief in and pride of one's country
17.
What does veto mean?
a)
To free slaves
b)
To cancel or deny
c)
An official change to the Constitution
d)
An action that later serves as an example
18.
What is a democracy?
a)
A government where the people rule themselves
b)
A downturn in economics
c)
Years of hostility and tension between the U.S. and Soviet Union
d)
An official change to the Constitution
19.
What is capitalism?
a)
Does it have anything to do with Twinkies?
b)
A law giving land to settlers who move west
c)
An economic system where private people own businesses
d)
A set of basic principles and laws
20.
What is scarcity?
a)
A fixed allotment of goods and foods
b)
The number of goods and services available
c)
The belief in separating different regions of a country
d)
Unlimited needs/wants with limited resources
21.
What is demand?
a)
The first ten amendments to the Constitution
b)
An undeveloped area
c)
A set of basic principles and laws
d)
The want of goods and services
22.
What is a supply?
a)
The number of goods and services available
b)
A policy of avoiding involvement in other countries' affairs
c)
A man-made waterway
d)
The power to declare an act of Congress unconstitutional
23.
What is economy?
a)
A formal agreement with another country
b)
Having unlimited needs and wants with limited resources; making choices
c)
Payments for losing a war
d)
A forced separation of races
24.
A person who buys something.
a)
supply
b)
demand
c)
producer
d)
consumer
25.
What type of government controls all aspects of life for its citizens?
a)
Democracy
b)
Republic
c)
Constitutional Monarchy
d)
Communism
26.
What is a set of laws that protect the citizens of a country?
a)
Emancipation
b)
Constitution
c)
Institution
d)
Hammurabiation
27.
What is the term for the availability of an item?
a)
services
b)
supply
c)
demand
d)
stocks
28.
Which type of government is most likely to protect the rights of its citizens?
a)
democracy
b)
theocracy
c)
facism
d)
communism
29.
What does the "O" in OPEC stand for?
a)
Office
b)
Oil
c)
Oligarchy
d)
Organization
30.
The early African kingdom of Ghana’s gold and salt trade would be an example of which type of economic practice?
a)
traditional
b)
command
c)
market
d)
mixed
31.
China is unique in that, although they have a __________________ type of government, they are considered to use a ________________ type of economic system.
a)
democracy, mixed
b)
communism, mixed
c)
oligarchy, command
d)
communism, command
32.
Which economic system experiences the least amount of government interference?
a)
traditional
b)
command
c)
market
d)
mixed
33.
What type of government is generally led by a small group of people?
a)
communism
b)
oligarchy
c)
democracy
d)
monarchy
34.
Who is the current communist dictator that uses a command economic system in North Korea?
a)
Kim Il-sung
b)
Kim Jong-il
c)
Kim Jong-un
d)
Kim Jong-kardashian
35.
Which of the following is an event that could affect the price of gas?
a)
natural disaster
b)
war
c)
oil spill
d)
all of the above
36.
In a(n) _______________ monarchy, a king or queen rules while limiting the rights of its citizens.
a)
democratic
b)
republic
c)
constitutional
d)
absolute
37.
What is the term for the knowledge and skills that help make a person successful in an economy?
a)
human capital
b)
interdependence
c)
credit capital
d)
economics
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