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WorksheetsUnit Three Review
Total questions: 25
Worksheet time: 13mins
Name
Class
Date
1.
GDP stands for
a)
General Domesticated People
b)
Genetically Done Plants
c)
Gross Domestic Product
d)
Gross Domestic People
2.
Investing in new technology can
a)
lead to better way of accessing natural resources
b)
only occur after investing in new factories
c)
be the first step in educating the work force
d)
prevent countries from moving to a command economy
3.
Before currency, people bartered. This means that ......
a)
people argued with one another over the government
b)
they would exchange one good for another
c)
they took out large loans to build roads
d)
people borrowed items for a set period of time
4.
The United Kingdom has which type of economy?
a)
mixed
b)
privatized
c)
command
d)
market
5.
Investment in human capital includes all the following except?
a)
health
b)
statistics
c)
education
d)
training
6.
1. A ___________ economy is most common in countries because most countries have some government regulations on industries and some freedoms for private ownership.
a)
mixed
b)
traditional
c)
command
d)
market
7.
1. A ___________ economy is most common in countries because most countries have some government regulations on industries and some freedoms for private ownership.
a)
mixed
b)
traditional
c)
command
d)
market
8.
1. A ___________ economy is most common in countries because most countries have some government regulations on industries and some freedoms for private ownership.
a)
mixed
b)
traditional
c)
command
d)
market
9.
1. When a country sends goods out of their country to sell to another country, that is an ___________
a)
export
b)
product
c)
import
d)
natural resource
10.
1. A ____________ economy is one in which people get the things they need to survive by making them like their ancestors did.
a)
Command
b)
Market
c)
Mixed
d)
Traditional
11.
1. A trade barrier that places a tax on imported goods (products brought into a country to sell) is a _____________.
a)
quota
b)
tariff
c)
barrier
d)
embargo
12.
1. A ____________ economy has many government regulations and controls of industries (factories, businesses, farms, schools…) in the country.
a)
Traditional
b)
Market
c)
Command
d)
Mixed
13.
1. _______________ are one of the productive resources that comes from the land, a gift of nature that is not man made.
a)
natural resources
b)
capital resources
c)
human resources
d)
presidential resources
14.
1. Countries with different currencies (money types) must ______________ currencies to pay for items.
a)
purchase
b)
invent
c)
steal
d)
exchange
15.
1. All of the following nations have the euro as their official currency EXCEPT:
a)
France
b)
Germany
c)
Italy
d)
UK
16.
1. The United Kingdom has many entrepreneurs. This means that..........
a)
the UK's economic system includes no possibilities
b)
people are willing to enter into debates with others
c)
it has people that are willing to take risks in businesses
d)
the UK has invested heavily in its industrial base
17.
1. What is the main effect of air pollution in Germany?
a)
overpopulation
b)
. contaminated drinking water
c)
acid rain
d)
nuclear fallout
18.
1. Nuclear fallout from Chernobyl
a)
was not a major issue since the situation was
contained
b)
contaminated both groundwater and surface
water
c)
occured when all of the scientists left the
facility
d)
began surfacing five months after the disaster
19.
1. When a country allows goods to be brought into their country to sell, that is an ______________.
a)
export
b)
product
c)
capital resource
d)
import
20.
1. A trade barrier that limits the amount of a particular good that can be imported is a ________________.
a)
tariff
b)
embargo
c)
quota
d)
cheeseburger
21.
1. A trade barrier that stops trade completely between countries is an ____________.
a)
embargo
b)
tariff
c)
ice cream sundae
d)
quota
22.
The US places a 20% tax on steel imported from other countries.
a)
tariff
b)
embargo
c)
tax
d)
quota
23.
1. A _____________ economy is one in which people get the things they need to survive by making them like their ancestors did.
a)
mixed
b)
market
c)
command
d)
traditional
24.
1. A _______________ economy has few if any government interference or regulations and all industries are privately owned by citizens or groups of people in the country. Supply and demand determine what is sold and how much it costs.
a)
market
b)
command
c)
mixed
d)
traditional
25.
______________________ are the man-made objects used to produce goods or services.
a)
human
b)
natural
c)
alien
d)
capital
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