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WorksheetsGovernment and Economy Review
Total questions: 50
Worksheet time: 44mins
Name
Class
Date
1.
What is one basic question of economics?
a)
What will be produced?
b)
Who acquires what goods and services?
c)
What resources are available?
d)
What is the opportunity cost?
2.
Which type of economy has private property, consumer sovereignty, individual choice, profit, and no government involvement?
a)
traditional economy
b)
command economy
c)
free market economy
d)
mixed economy
3.
Name a group of people that use a traditional economy.
a)
Americans
b)
Native Americans
c)
Europeans
4.
Which type of economy has central ownership of property, centrally-planned economy, and lack of individual choice?
a)
Free Market Economy
b)
Mixed Economy
c)
Command Economy
d)
Traditional Economy
5.
What type of economy has a private and public sector, the characteristics of a free market, and is the most common economic system today?
a)
Free Market Economy
b)
Mixed Economy
c)
Command Economy
d)
Traditional Economy
6.
Which type of economic system bases its decisions on custom and historical precedent?
a)
Free Market Economy
b)
Mixed Economy
c)
Command Economy
d)
Traditional Economy
7.
China and Cuba are examples of this economic system
a)
Capitalism
b)
Mixed
c)
Socialism
d)
Communism
8.
Usually involves a dictator
a)
Mixed
b)
Capitalism
c)
Socialism
d)
Communism
9.
What type of economy does the UK have?
a)
Traditional
b)
Market
c)
Mixed
d)
Command
10.
Which type of economy does not always use money?
a)
Market
b)
Traditional
c)
Command
d)
Mixed
11.
How many types of economies are there?
a)
1
b)
4
c)
3
d)
5
12.
Which type of economy is usually paired with a Communist government?
a)
Mixed
b)
Market
c)
Command
d)
Traditional
13.
Would you want the GDP of your country to be HIGH or LOW?
a)
High
b)
Low
14.
Which type of economy is run by the businesses & business owners?
a)
Command
b)
Mixed
c)
Communist
d)
Market
15.
Which phrase describes how many people in that country are able to read & write?
a)
Standard of Living
b)
Literacy Rate
c)
GDP
d)
Country Rank
16.
When Javier sends his employees to a training seminar where they will become better workers, he is investing in.......
a)
Human capital
b)
Capital goods
c)
His business
d)
GDP
17.
The dollar value of all goods and services produced or provided in a country is the
a)
GNI
b)
GDP
c)
GNP
18.
When a country stops all trade with another country is called
a)
tariff
b)
embargo
c)
quota
d)
trade
19.
What is "standard of living"?
a)
how healthy and wealthy a country is
b)
how many people can read and write
20.
Would you want the literacy rate to be low or high?
a)
low
b)
high
21.
When the literacy rate goes UP, what does the standard of living do?
a)
go up
b)
go down
c)
nothing
22.
Which is an example of investment in human capital?
a)
trucks
b)
factories
c)
education
d)
highways
23.
GDP stands for...
a)
Gross Domestic Price
b)
Gross Domestic Product
c)
Given Domestic Price
d)
Given Domestic Product
24.
Water, fish, and trees are all examples of ______.
a)
geography
b)
basin
c)
erosion
d)
natural resources
25.
What is an entrepreneur?
a)
A person who starts a new business.
b)
A leader of a country.
c)
A worker in a factory.
d)
A student in college.
26.
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
27.
Human Capital/ Labor
a)
abilities, skills, and education that helps to make a worker more valuable and more productive for the company or organization
b)
purchasing goods and services to satisfy wants and needs
28.
Doctor: Goods or Service?
a)
Goods
b)
Service
29.
Communities provide services. A service is _______________________.
a)
Provides goods in the community for people to buy.
b)
Special skills that do not help others.
c)
Special skills that people can pay others to do.
d)
A unique service.
30.
In a Direct Democracy who makes the decisions?
a)
the people
b)
the reprsentatives
31.
a)
Democracy
b)
Dictatorship
c)
Oligarchy
d)
Autocracy
32.
What type of government exists in Brazil?
a)
communist
b)
monarchy
c)
presidential democracy
d)
parliamentary democracy
33.
Which term describes how political power is distributed in Brazil?
a)
federal government
b)
unitary government
c)
aristocratic government
d)
confederation government
34.
One way that Brazil's government is different from the U.S. government is that Brazil
a)
has a president as a chief executive.
b)
does not allow 16-year-olds to vote.
c)
requires citizens aged 18-70 to vote.
d)
has a legislature called the Congress.
35.
What type of government exists in Mexico?
a)
monarchy
b)
communist
c)
parliamentary democracy
d)
presidential democracy
36.
Which term describes how political power is distributed in Mexico?
a)
federal government
b)
unitary government
c)
aristocratic government
d)
confederation government
37.
What type of government exists in Mexico?
a)
monarchy
b)
communist
c)
parliamentary democracy
d)
presidential democracy
38.
Which term describes how political power is distributed in Mexico?
a)
federal government
b)
unitary government
c)
aristocratic government
d)
confederation government
39.
What type of government exists in Cuba?
a)
monarchy
b)
dictatorship
c)
presidential democracy
d)
parliamentary democracy
40.
Which term describes how political power is distributed in Cuba?
a)
federal government
b)
unitary government
c)
aristocratic government
d)
confederation government
41.
Citizens of which country are considered to have the least freedom?
a)
Cuba
b)
Brazil
c)
Mexico
d)
United States
42.
Which country requires most adults to vote?
a)
Cuba
b)
Brazil
c)
Mexico
d)
United States
43.
Which pair of countries have governments that are most similar?
a)
Brazil and Cuba
b)
Mexico and Cuba
c)
Brazil and Mexico
d)
Cuba and the United States
44.
Who runs most of the economy in Cuba?
a)
The U.S.
b)
Government
c)
The people
d)
The king and queen
45.
Who is in power since Fidel Castro passed away?
a)
Raul Castro
b)
Batista
c)
Fandilla
d)
Señora Klein
46.
Who supported communist Cuba?
a)
United States
b)
Europe
c)
Soviet Union
d)
Canada
47.
Fidel Castro is still the leader of Cuba.
a)
true
b)
false
48.
What is an embargo?
a)
A tax on imports
b)
A limit on the number of goods that can be imported into a country.
c)
When one country stops trading with another country in order to put pressure on their government.
d)
When the government tells businesses what and how much to produce.
49.
Which colored island is Cuba?
a)
Green
b)
Red
c)
Orange
d)
Brown
50.
An economy that is a blend between a command economy and a market economy is said to be
a)
hybrid
b)
mixed.
c)
centralized.
d)
decentralized.
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