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WorksheetsBi-Weekly Review
Total questions: 64
Worksheet time: 38mins
Name
Class
Date
1.
An import quota is...
a)
A way to increase tariff revenues.
b)
A legal limit on the amount of a good that is imported into a country.
c)
A tax on import quantities above the legal limit.
d)
Legal incentive for members of WTO to increase their exports of a good or service.
2.
If a country goes to war with another, which trade barrier would MOST LIKELY be used?
a)
Tariff
b)
Embargo
c)
Quota
d)
Any physical trade barrier.
3.
How does specialization help increase standard of living?
a)
Specialization can increase the people's education.
b)
Those who specialize are happier than those who don't.
c)
Those who specialize make more money than those who don't.
d)
People can trade for items they can't/don't produce.
4.
Which of these could refer to the term "trade barriers".
a)
Tariffs
b)
Taxes
c)
Money
d)
Capitol
5.
Give three examples of political trade barriers.
a)
Tariffs, quotas, embargos.
b)
Mountains, deserts, rivers.
c)
Tariffs, quatoes, embargos.
d)
Tariffs, quotas, embargoes.
6.
Describe how trade between countries be without specialization.
a)
Trade would become much harder, since no country has unique goods for others.
b)
Trade would become impossible between two countries.
c)
Trade would be much easier and there would be little to no problems.
d)
No difference.
7.
How are quotas different from tariffs?
a)
They are different due to the way they negatively affect trade.
b)
They are different due to the way they positively affect trade.
c)
They are not; both tax imported goods.
d)
They are not; both positively affect imported goods.
8.
How is an embargo different from a tariff?
a)
The are different since both positively affect trade.
b)
They are different since one completely ends trade, while the other serves as a small obstacle.
c)
They are not; both increase the chance of two countries trading.
d)
They are not; both help improve trade.
9.
Define quota.
a)
A complete end to trade *for a period of time*.
b)
A limit on imported items.
c)
A tax on imported items.
d)
None of the above; definition of quota is not present.
10.
What is the word used for the item a country specializes in producing?
a)
Speciolization
b)
Specialization
c)
Specielization
d)
Specialisation
11.
Define tariff.
a)
A complete end to trade *for a period of time*.
b)
A limit on imported items.
c)
A tax on imported items.
d)
None of the above; definition for tariff not present.
12.
Give three examples of physical trade barriers.
a)
Desserts, mountains, rivers.
b)
Embargoes, tariffs, quotas.
c)
Deserts, mountains, rivers.
d)
Tarifs, embargoes, quotas.
13.
How are all trade barriers similar?
a)
They all are political.
b)
They all block trade in some way.
c)
They all are natural, physical features of the Earth.
d)
They help make trade easier.
14.
Define embargo.
a)
A limit on imported items.
b)
A complete end to trade *for a period of time*
c)
A tax on imported goods.
d)
None of the above; definition for embargo not present.
15.
How are quotas similar tariffs?
a)
Tariffs and quotas both tax imported goods.
b)
Tariffs and quotas both limit imported goods.
c)
Tariffs and quotas both positively impact trade.
d)
Tariffs and quotas both negatively impact trade
16.
Gross Domestic Product
is a measure of the total value of all.....
is a measure of the total value of all.....
a)
Consumer income in an economy over a period of time
b)
Capital accumulation in an economy over a period of time.
c)
Sales in an economy over a period of time.
d)
The goods and services produced in an economy over a period of time
17.
What's human capital?
a)
Any form of wealth employed, for the prodution of more wealth
b)
A person who takes a risk on starting a business
c)
The amount of money a worker has
d)
Knowledge and skill of a worker
18.
An example of entrepreneurship is....
a)
A. Working at a factory
b)
B. Teaching at a school
c)
C. Starting a computer repair business
d)
D. Both A and B
19.
What's an example of human capital?
a)
Factories
b)
Education
c)
Roads
d)
Machinery
20.
The more skills and education a worker has, the better jobs they can have
a)
True
b)
False
21.
Which country in Africa is divided politically?
a)
Sudan
b)
South Africa
c)
Kenya
d)
Congo
22.
Most of Africa's rainfall occurs in:
a)
rift valleys
b)
deserts
c)
coastal areas
d)
Rainforests
23.
1. Where in Africa do most people live?
a)
Urban cities on the coast
b)
Rural village on the interior
c)
Rural villages along rivers and coasts
d)
Urban cities on the interior
24.
What was Apartheid?
a)
The uniting of tribes against colonial rule
b)
The area between the Sahara and the Savanna
c)
The separating of people by skin color in South Africa
d)
The challenge to European rule
25.
What country is bordered by the Mediterranean Sea?
a)
Kenya
b)
Nigeria
c)
Egypt
d)
South Africa
26.
What is silt?
a)
A type of chemical fertilizer
b)
a chemical used to produce electricity
c)
industrial pollution found in the Nile River
d)
rich topsoil carried from one location to another by floodwaters
27.
What destroyed the grassland and forests that were once found in the Sahel?
a)
years of heavy flooding
b)
the development of factories
c)
continuous farming and over-grazing
d)
repeated use by nomads and camel caravans
28.
Why are droughts a problem for farmers in the Sahel?
a)
animals move into the desert to find water
b)
the desert stops expanding when there is rain in the Sahel
c)
the soil is of poor quality and dry conditions result in even fewer crops
d)
people do not try to farm in the Sahel any more due to the increased rainfall
29.
Which has been a major cause of desertification?
a)
years of uncontrolled flooding
b)
overuse of the land by the people
c)
heavy seasonal winds coming off the desert
d)
sharp and unexpected changes in the climate
30.
What is a nomad?
a)
plantation owners who live along the coast
b)
industrial workers who live in African cities
c)
one who wanders from place to place to find food and water
d)
those who live and farm in the villages on the edge of the desert
31.
What is the definition of “deforestation”?
a)
eliminating a species of an animal
b)
creating nature preserves to protect forests
c)
cutting down and clearing trees from the area
d)
forcing people to move from cities into traditional forest villages
32.
I have a problem with having enough resources. What basic question of economics solves this?
a)
What to produce?
b)
How to produce?
c)
When to produce?
d)
For whom to produce?
33.
There are four types of economic systems. Most economies are _____.
a)
Traditional
b)
Command
c)
Market
d)
Mixed
34.
In this type of economy, the individual decides who to sell their products to.
a)
Traditional
b)
Mixed
c)
Market
d)
Command
35.
The government has little to no role in the production of goods in this type of economy.
a)
Traditional
b)
Mixed
c)
Command
d)
Market
36.
What type of economy do most countries in the world have?
a)
Market economy
b)
Command economy
c)
Traditional economy
d)
Mixed economy
37.
________ is the most basic economic problem.
a)
Scarcity
b)
Labor
c)
Greed
d)
Capital
38.
People that make a product
a)
consumers
b)
producers
c)
goods
d)
services
39.
A system that uses bartering or trading instead of money.
a)
Mixed
b)
Market
c)
Traditional
d)
command
40.
In a command economic system, who makes decisions on cost and ownership?
a)
the government
b)
the community
c)
buyers and sellers
d)
none of the above
41.
When a country won't trade at all with another country.
a)
Embargo
b)
Quota
c)
Tariff
d)
Specialization
42.
What is another term for trade between nations?
a)
Free trade
b)
International trade
c)
Voluntary trade
d)
Trade barrier
43.
Japan mainly produces electronics & automobiles. This is an example of:
a)
Interdependence
b)
Specialization
c)
Trade barrier
d)
Exchange rate
44.
What is human capital?
a)
Taxes collected from a country's workers
b)
Money paid to workers for producing goods
c)
Skills and education workers have
d)
The amount of goods sold in foreign trade in a year
45.
The four types of economic systems are:
a)
Traditional, Command, Mixed, & Market
b)
Traditional, Command, Combined, & Market
c)
Communism, Capitalism, Free Market, and Macroeconomics
d)
Microeconomics, Macroeconomics, Individual, and Traditional.
46.
Majority of this ethnic group are found in Southwest Asia and Northern Africa.
a)
Swahili
b)
Ashanti
c)
Arab
d)
Bantu
47.
Ethnic group that makes up about two-thirds of Africa’s population and covers the southern half of the continent.
a)
Arab
b)
Swahili
c)
Ashanti
d)
Bantu
48.
Located in eastern Africa. Flows north though Sudan and Egypt and empties into the Mediterranean Sea.
a)
Nile River
b)
Congo RIver
c)
Niger River
d)
Danube River
49.
The process of a forest or plains becoming dry and barren is......
a)
deforestation
b)
desertification
c)
pollution
d)
death
50.
Which African country is located directly south of Egypt?
a)
Nigeria
b)
Sudan
c)
South Sudan
d)
Kenya
51.
Which religion and language are associated with the Arabs?
a)
Islam and Arabic
b)
Islam and Twi
c)
Animism and Arabic
d)
Animism and Twi
52.
Hitler is an example of a ...
a)
Dictatorship
b)
German patriotical force
53.
A confederation is...
a)
An association of the independent states.
b)
Mainly a symbol for states of which are united
54.
All citizens participate equally in which type of government?
a)
democracy
b)
federal
c)
unitary
d)
oligarchy
55.
What is a basic way citizens of a democratic nation can influence the government?
a)
voting
b)
obeying laws
c)
working
d)
consuming goods
56.
Which type of government would most likely abolish all opposing political parties, the direct election of leaders, and free speech?
a)
republic
b)
constitutional monarchy
c)
autocracy
d)
democracy
57.
Which is one of the forms of government where people exercise their power by voting
a)
Democracy
b)
Kingdom
c)
Monarchy
d)
Dictatorship
58.
Which is one of the forms of government ran by a "divine" ruler like a King or Queen?
a)
Democracy
b)
Kingdom
c)
Monarchy
d)
Dictatorship
59.
Which system of government has power sharing between the levels
a)
Federal
b)
Confederation
c)
Democracy
d)
Dictatorship
60.
Democracy=_______ + rule
a)
King
b)
People
c)
Ruler
d)
Governmenr
61.
Local governments such as state or country systems may have some power, but they are under the control of the central government.
a)
federal government
b)
confederation government
c)
oligarchic government
d)
unitary government
62.
A government in which one ruler has absolute power to do whatever he wishes and make and enforce whatever laws he chooses; government by one.
a)
confederation government
b)
autocratic government
c)
oligarchic government
d)
democratic government
63.
A system in which the local government or regional authorities holds all of the power and the central government depends on the local government for its existence.
a)
unitary system
b)
federal system
c)
confederation system
d)
oligarchy
64.
A system in which a political party or other small group takes over a government and makes all of the major decisions; government by the few.
a)
oligarchy
b)
autocracy
c)
democracy
d)
federal system
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