WorksheetsEconomic & Political Geography
Total questions: 87
Worksheet time: 51mins
Name
Class
Date
1.
"Canada has a single-payer healthcare system. The government pays for services provided by a private delivery system. The government pays for 70 percent of care. Hospitals are publicly funded. They provide free care to all residents regardless of the ability to pay. The government keeps hospitals on a fixed budget to control costs. It reimburses doctors at a fee-for-service rate."
Using the economic spectrum, which letter indicates the economic system in Canada?
Using the economic spectrum, which letter indicates the economic system in Canada?
a)
A
b)
B
c)
C
d)
D
2.
"The US has a mixture of government-run and private insurance. The government pays most of the cost, but also subsidizes private health insurance through Obamacare. Health care service providers are private. Sixty percent of citizens get private insurance from their employers. Fifteen percent receive Medicare for those 65 and older. The federal government also funds Medicaid for low-income families and CHIP for children. It pays for veterans, Congress, and federal employees. Despite all this, there are 28 million Americans who have no coverage. "
Using the economic spectrum, which letter indicates the economic system in the US?
Using the economic spectrum, which letter indicates the economic system in the US?
a)
A
b)
B
c)
C
d)
D
3.
"Singapore's government provides five classes of hospital care. The government manages hospitals that provide low-cost or free care. It sets regulations that control the cost of the entire health care system. People can buy the higher levels of deluxe care for a fee. Workers pay 20 percent of their salary to three mandated savings accounts. The employer pays another 16 percent into the account. One account is for housing, insurance, or education investment. The second account is for retirement savings, and the third is for health care."
Using the economic spectrum, which letter indicates the economic system in Singapore?
Using the economic spectrum, which letter indicates the economic system in Singapore?
a)
A
b)
B
c)
C
d)
D
4.
"Japanese Government regulates nearly all aspects of the universal Statutory Health Insurance System (SHIS). The national and local governments are required by law to ensure a system that efficiently provides good-quality medical care. National government sets the SHIS fee schedule and gives subsidies to local governments, insurers, and providers. It also establishes and enforces detailed regulations for insurers and providers."
Using the economic spectrum, which letter indicates the economic system in Japan?
Using the economic spectrum, which letter indicates the economic system in Japan?
a)
A
b)
B
c)
C
d)
D
5.
"France has a mandatory health insurance system that covers 75 percent of health care spending. That includes hospitals, doctors, drugs, and mental health. Doctors are paid less than in other countries, but their education and insurance is free. The French government also pays for homeopathy, house calls, and child care. Of that, payroll taxes fund 40 percent, income taxes cover 30 percent, and the rest is from tobacco and alcohol taxes."
Using the economic spectrum, which letter indicates the economic system in France?
Using the economic spectrum, which letter indicates the economic system in France?
a)
A
b)
B
c)
C
d)
D
6.
Using the data shown which country would you classify as the most developed?
a)
Brazil
b)
Germany
c)
Haiti
d)
Guatemala
7.
Using the data shown which country would you classify as developing?
a)
Brazil
b)
Germany
c)
Haiti
d)
Guatemala
8.
State planners in Country A met to decide what the country should focus on producing. After much deliberation,they decided it would be in the country’s best interest to use their limited resources to produce automobiles instead of other consumer goods, such as electronics or textiles. The state planners passed their decision down to factories,and allocated to them raw materials, workers, and other resources needed to produce automobiles. Factories were then told how much they should produce with these resources and who the final products should be shipped to.
Name that economic system
Name that economic system
a)
Command
b)
Market
c)
Traditional
d)
Mixed
9.
In Country B, business owners decide what to produce, how much to produce, and who to produce for. The CEO of Tarheelia Audio, one of the leading audio equipment producers in the country, recently decided to increase production levels of the company’s newest MP3 player model, and at the same time decrease production levels of their most popular CD player. The reason for the emphasis on MP3 players is that demand for CD players has decreased dramatically as MP3 technology has taken over the market. Simply put, there is more profit to be made in the MP3 market.
Name that economic system
Name that economic system
a)
Command
b)
Market
c)
Traditional
d)
Mixed
10.
In Country C, people rarely engage in market transactions. For the most part, they do not need to. Families grow their own vegetables and raise their own animals or hunt to get meat. Certain times get tough for people in Country C, like when the winters are particularly cold or animals change their migration patterns. For this reason, it is important that families stock up in “good times” and develop relationships with neighbors with whom they can share or trade.
Name that economic system
Name that economic system
a)
Command
b)
Market
c)
Traditional
d)
Mixed
11.
In Country D, business owners make most economic decisions. As long as they abide by fair trade policies, they can decide what to produce, how to produce, and for whom to produce without government intervention. These decisions are made by business owners based on what happens in the market. For example, a computer manufacturer recently developed a new video gaming system, but decided to wait until closer to the holidays to release the system to the public because it believed anticipation among consumers would allow the company to charge a higher price for the system.
Name that economic system
Name that economic system
a)
Command
b)
Market
c)
Traditional
d)
Mixed
12.
* Provides income year round
* Relatively low cost to start
* Well suited for women managing the home
Which of the following is the best title for this list
* Relatively low cost to start
* Well suited for women managing the home
Which of the following is the best title for this list
a)
Benefits of Factory Employment
b)
Challeges of Subsistence Agriculture
c)
Advantages of Cottage Industries
d)
Challenges of a Market Economy
13.
Which of the following is an economic system in which some businesses and industries are controlled by the government?
a)
Free Enterprise
b)
Communist
c)
Socialist
14.
Which of the letters on the economic spectrum would represent where the United States' economy would be?
a)
A
b)
B
c)
C
d)
D
15.
Which of the letters on the economic spectrum would represent where Sweden's economy would be?
a)
A
b)
B
c)
C
d)
D
16.
In which of the following economic systems does the government own the country’s farms, factories, and businesses?
a)
Free Enterprise
b)
Communist
c)
Socialist
17.
Which of the letters on the economic spectrum would represent where Iran's economy would be?
a)
A
b)
B
c)
C
d)
D
18.
Which of the letters on the economic spectrum would represent where Germany's economy would be?
a)
A
b)
B
c)
C
d)
D
19.
In which type of economic system do citizens and businesses make most economic decisions?
a)
Free Enterprise
b)
Communist
c)
Socialist
20.
Which of the letters on the economic spectrum would represent where Canada's economy would be?
a)
A
b)
B
c)
C
d)
D
21.
Which of the letters on the economic spectrum would represent where Brazil's economy would be?
a)
A
b)
B
c)
C
d)
D
22.
Which of the following is an economic system in which the government also provides many health and welfare benefits, such as healthcare, housing, and unemployment?
a)
Free Enterprise
b)
Communist
c)
Socialist
23.
Which of the letters on the economic spectrum would represent where India's economy would be?
a)
A
b)
B
c)
C
d)
D
24.
Which of the letters on the economic spectrum would represent where North Korea's economy would be?
a)
A
b)
B
c)
C
d)
D
25.
In which type of economic system does the government plays a limited role?
a)
Free Enterprise
b)
Communist
c)
Socialist
26.
Which of the letters on the economic spectrum would represent where China's economy would be?
a)
A
b)
B
c)
C
d)
D
27.
Which of the following is an economic and political system where the government plans and controls a country’s economy (including production and distribution of goods)?
a)
Free Enterprise
b)
Communist
c)
Socialist
28.
Which of the letters on the economic spectrum would represent where Nigeria's economy would be?
a)
A
b)
B
c)
C
d)
D
29.
In which type of economic system do business owners control the factors of production?
a)
Free Enterprise
b)
Communist
c)
Socialist
30.
Which of the letters on the economic spectrum would represent where Australia's economy would be?
a)
A
b)
B
c)
C
d)
D
31.
Which of the following is the United States?
a)
Free Enterprise
b)
Communist
c)
Socialist
32.
Which of the following is Cuba?
a)
Free Enterprise
b)
Communist
c)
Socialist
33.
Which of the following is Cuba?
a)
Free Enterprise
b)
Communist
c)
Socialist
34.
Which of the following economic systems gives PEOPLE all the power in the economy?
a)
market economy
b)
mixed economy
c)
traditional economy
d)
command economy
35.
A market system is best described as a system with:
a)
free trade
b)
competition
c)
profit motive
d)
all of the above
36.
People that buy a product
a)
consumers
b)
producers
c)
goods
d)
services
37.
People that make a product
a)
consumers
b)
producers
c)
goods
d)
services
38.
What type of economic system allows government AND private businesses to make economic decisions?
a)
Market
b)
Mixed
c)
Traditional
d)
Command
39.
If a country has a high literacy rate, how does it affect standard of living?
a)
It does not affect it.
b)
It is also high.
c)
It is lower.
d)
It does nothing.
40.
A system that uses bartering or trading.
a)
Mixed
b)
Market
c)
Traditional
d)
Command
41.
The division of labor; work is divided into parts for workers, factories or countries to become expert at producing certain goods
a)
specialization
b)
trade
c)
quota
d)
traditional
42.
The Country of North Korea has a dictator that makes all of the economic decisions. What type of economy is this?
a)
Traditional
b)
Market
c)
Command
d)
Centrally Planned
43.
When people want or need more of something than there is.
a)
Scarcity
b)
Profit
c)
Opportunity Cost
d)
Tax
44.
Higher education and on the job training increases
a)
literacy rate
b)
human capital
c)
capital goods
d)
entreprenuer
45.
How can you increase the GDP of a country?
a)
invest in human capital
b)
Decrease capital goods
c)
Decrease entrpepenurship
d)
Lower the literacy rate
46.
What economic model involves everyone sharing the public good?
a)
socialism
b)
capitalism
c)
communism
47.
True or False: Countries with higher GDPs have more high paying industries.
a)
True
b)
False
48.
Mercantilism involves:
a)
a larger country taking over smaller country's resources
b)
stores being created in lower GDP areas
c)
workers revolting from their bosses
d)
sharing resources with the everyone in the community
49.
Which economic system is associated with DEMOCRACY?
a)
Market economy
b)
Command economy
50.
Command, Market, Mixed, and Traditional are all:
a)
Economics systems
b)
Governments
c)
Laws
d)
Science Theories
51.
If my government is selling me bread for $5 a loaf, and I have no choice but to buy that type of bread, I live in a _____ economy.
a)
Traditional
b)
Market
c)
Command
d)
Mixed
52.
What is a laissez faire capitalist approach to government?
a)
hand off (left alone)
b)
Extreme Control
c)
Trusting the govt
d)
A mix of control and hands off
53.
What type of economy do most countries in the world have?
a)
Market economy
b)
Command economy
c)
Traditional economy
d)
Mixed economy
54.
Investing in stocks is part of the:
a)
Primary Sector
b)
Secondary Sector
c)
Tertiary Sector
d)
Quaternary Sector
55.
Mining is part of the:
a)
Primary Sector
b)
Secondary Sector
c)
Tertiary Sector
d)
Quaternary Sector
56.
Agriculture is part of the:
a)
Primary Sector
b)
Secondary Sector
c)
Tertiary Sector
d)
Quaternary Sector
57.
Fishing is part of the:
a)
Primary Sector
b)
Secondary Sector
c)
Tertiary Sector
d)
Quaternary Sector
58.
Logging trees is part of the:
a)
Primary Sector
b)
Secondary Sector
c)
Tertiary Sector
d)
Quaternary Sector
59.
Data analysis is part of the:
a)
Primary Sector
b)
Secondary Sector
c)
Tertiary Sector
d)
Quaternary Sector
60.
Insurance adjusting is part of the:
a)
Primary Sector
b)
Secondary Sector
c)
Tertiary Sector
d)
Quaternary Sector
61.
Cashiers are part of the:
a)
Primary Sector
b)
Secondary Sector
c)
Tertiary Sector
d)
Quaternary Sector
62.
Waiters are part of the:
a)
Primary Sector
b)
Secondary Sector
c)
Tertiary Sector
d)
Quaternary Sector
63.
Teachers are part of the:
a)
Primary Sector
b)
Secondary Sector
c)
Tertiary Sector
d)
Quaternary Sector
64.
Trash collectors are part of the:
a)
Primary Sector
b)
Secondary Sector
c)
Tertiary Sector
d)
Quaternary Sector
65.
Quarrying is part of the:
a)
Primary Sector
b)
Secondary Sector
c)
Tertiary Sector
d)
Quaternary Sector
66.
Fruit picking is part of the:
a)
Primary Sector
b)
Secondary Sector
c)
Tertiary Sector
d)
Quaternary Sector
67.
Cheese making is part of the:
a)
Primary Sector
b)
Secondary Sector
c)
Tertiary Sector
d)
Quaternary Sector
68.
The military is part of the:
a)
Primary Sector
b)
Secondary Sector
c)
Tertiary Sector
d)
Quaternary Sector
69.
This image represents which sector?
a)
Primary Activity
b)
Secondary Activity
c)
Tertiary Activity
d)
Quaternary Activity
70.
The Country of North Korea has a dictator that makes all of the economic decisions. What type of economy is this?
a)
Traditional
b)
Market
c)
Command
d)
Centrally Planned
71.
Morgan and Madison work as lumberjacks, which business sector do they work in
a)
Tertiary
b)
Secondary
c)
Primary
d)
Quartinary
72.
A country with a mostly rural population engaged in mainly primary economic activities is probably a
a)
developing nation.
b)
developed nation.
c)
industrialized nation.
d)
primary nation.
73.
Which of the 3 basic economic questions is being answered?:
Nike decides to use more robots on their assembly lines because it is more efficient than using workers.
Nike decides to use more robots on their assembly lines because it is more efficient than using workers.
a)
What will be produced?
b)
How will it be produced?
c)
For whom will it be produced?
74.
Which of the following factors influence productivity, economic growth, and the future standard of living for a nation?
a)
Investment in factories
b)
Health, education and training of people
c)
Machinery and new Technology
d)
All of the above
75.
In the USA, people have _______ to work hard because we can make profits in our market economy!
a)
Scarcity
b)
Opportunity Costs
c)
Production Factors
d)
Incentives
76.
Governments use tax revenue from individuals and businesses to provide
a)
profits to buy more resources
b)
income to purchase products
c)
for business expansion and increased consumption
d)
public goods and services
77.
Using the economic spectrum, which letter indicates the economic system in Canada?
a)
A
b)
B
c)
C
d)
D
78.
Using the economic spectrum, which letter indicates the economic system in Singapore?
a)
A
b)
B
c)
C
d)
D
79.
Using the economic spectrum, which letter indicates the economic system in Japan?
a)
A
b)
B
c)
C
d)
D
80.
* Provides income year round
* Relatively low cost to start
* Well suited for women managing the home
Which of the following is the best title for this list?
* Relatively low cost to start
* Well suited for women managing the home
Which of the following is the best title for this list?
a)
Benefits of Factory Employment
b)
Challeges of Subsistence Agriculture
c)
Advantages of Cottage Industries
d)
Challenges of a Market Economy
81.
One person is in charge
a)
Autocracy
b)
Democracy
c)
Oligarchy
d)
Plutocracy
82.
Citizens vote to elect their leaders
a)
Democracy
b)
Autocracy
c)
Oligarchy
d)
Absolute Monarchy
83.
People do not answer to any leader or government
a)
Oligarchy
b)
Anarchy
c)
Plutocracy
d)
Theocracy
84.
God and religious law are the government's authority
a)
Theocracy
b)
Anarchy
c)
Democracy
d)
Theology
85.
The United States government
a)
Representative Democracy
b)
Direct Democracy
c)
Oligarchy
d)
Autocracy
86.
Mexico's current government
a)
Junta
b)
Theocracy
c)
Autocracy
d)
Democracy
87.
Which is NOT an example of a dictator?
a)
Adolf Hitler
b)
Salman bin Abdulaziz Al Saud
c)
Kim Jong Un
d)
Bashar Al Assad
100 %
