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Gov't, Economy and Trade Barriers

Total questions: 77

Worksheet time: 46mins

Name
Class
Date
1.

An economy in which most of the economic decisions that are made are based on customs and on the habit of how auch decisions were made in the past.

a)

Traditional

b)

Command

c)

Market

2.

Government planning groups make the basic economic decisions such as which goods and services to produce, prices, and wage rates.

a)

Traditional

b)

Command

c)

Market

3.

An economy in which changes in prices guide what and how goods and services will be produced, distributed, and consumed

a)

Traditional

b)

Command

c)

Market

4.

An economic system in which decisions are all made on the basis of customs, beliefs, religion and habits.

a)

Traditional

b)

Command

c)

Market

5.

Sometimes called Free Enterprise which allows for private ownership of businesses and property

a)

Traditional

b)

Command

c)

Market

6.

Each member of society knows in early life what her or his role will be because jobs are handed down from generation to generation

a)

Traditional

b)

Command

c)

Market

7.

The government owns the things needed to make products.

a)

Traditional

b)

Command

c)

Market

8.

An economic system based on individual choices and voluntary trade

a)

Traditional

b)

Command

c)

Market

9.

An economic system in which the government decides what goods will be produced, how they will be produced and how they will be distributed

a)

Traditional

b)

Command

c)

Market

10.

Economies in which people usually produce just what they need to survive

a)

Traditional

b)

Command

c)

Market

11.
What type of economy does the UK have?
a)
Traditional
b)
Market
c)
Mixed
d)
Command
12.
Which type of economy does not always use money?
a)
Market
b)
Traditional
c)
Command
d)
Mixed
13.
Which type of economy is based on traditions and beliefs?
a)
Command
b)
Market
c)
Traditional
d)
Mixed
14.
Would you want the GDP of your country to be HIGH or LOW?
a)
High
b)
Low
15.
Which type of economy is controlled by the government?
a)
Command
b)
Market
c)
Mixed
d)
Democratic
16.
Which type of economy is run by a combination of the businesses & the government?
a)
Command
b)
Mixed
c)
Market
d)
Traditional
17.
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
18.
Which word describes how "wealthy and healthy" a nation is?
a)
GDP
b)
Literacy Rate
c)
Country Rank
d)
Standard of Living
19.
When Literacy Rate goes up, what does Standard of Living do?
a)
Goes up
b)
Goes down
c)
Stays the same
20.
When Sarah buys new chairs and laptops for her staff, she is investing in......
a)
Human capital
b)
Capital goods
c)
Her business
21.
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
22.
What is the total number of goods and services produced in a country for a whole year called?
a)
GMO
b)
GDC
c)
GDP
23.
A garbage truck driver is an example of which Factor of Production?
a)
labor
b)
land
c)
entrepreneurship
d)
capital
24.
Which factor of production would you consider a lawn mower?
a)
Land
b)
Labor
c)
Capital
d)
Entrepreneur
25.
The people who decide to buy.
a)
Producers
b)
Consumers
c)
Economist
d)
Entreprenuers
26.

A higher GDP generally correlates to a(n) ___________ standard of living.

a)

higher

b)

lower

c)

unrelated

27.

_____ are from nature and are used in their natural form

a)

natural resource

b)

human resource

c)

capital resource

28.

A rock is a

a)

natural resource

b)

human resource

c)

capital resource

29.

_____ are goods produced and used to make other goods or services

a)

natural resource

b)

human resource

c)

capital resource

30.

A mechanic is a

a)

natural resource

b)

human resource

c)

capital resource

31.
In a command economy, who holds power over the economy?
a)
The people
b)
The government
c)
Beyonce
d)
The traditions of your ancestors
32.
What are the three economic questions?
a)
What to produce? How to produce? For whom to produce?
b)
Who to produce? Why you produce? Like to produce?
c)
Why to produce? Tell who to produce? Things to produce?
33.
If the government makes me produce 70 T-Shirts, what economic system is this?
a)
Mixed
b)
Traditional
c)
Command
d)
Market
34.
If I produce fish for my town because my mom and dad were fishermen/fisherwomen, what economic system is this?
a)
Mixed
b)
Market
c)
Traditional
d)
Command
35.
Which of the following is not an economic system?
a)
Traditional
b)
Market
c)
Command
d)
Democratic
36.
Which economy is dictated by supply and demand and the buyers and sellers?
a)
Market
b)
Socialism
c)
Mixed
d)
Command
37.
__________ is the most basic economic problem.
a)
Scarcity
b)
Labor
c)
Greed
d)
Capital
38.
Which of the following is one of the four factors of production?
a)
Entrepreneurship
b)
Phones
c)
Technology
d)
Wheat
39.
What can the three basic economic questions determine?
a)
What kind of government a country has.
b)
What kind of economic system a country has.
c)
Whether or not most people live in poverty.
40.

Rivalry between sellers is best known as

a)

Profit Motive

b)

Freedom to Choose

c)

Competition

d)

Consumer Sovereignty

41.
True or False. GDP is the total value of goods and services produced by a nation.
a)
True
b)
False
42.
What is an embargo?
a)
A government order to stop trade.
b)
A limit placed on imports.
c)
A tax placed on imports.
43.
What is a quota?
a)
A government order to stop trade.
b)
A limit placed on imports.
c)
A tax placed on imports.
44.
When one country refuses to trade with another country because of political or infringements of human rights it is called:
a)
standard of care
b)
subsidy
subsidy
c)
embargo
d)
revenue tariff
45.
What is an import?
a)
Goods leaving your country
b)
Goods being brought into your country
c)
Goods that are important
46.
In order to help Russian farmers sell more food, some people want to put a tax on the food imported from other countries. This is an example of a(n)
a)
quota
b)
tariff
c)
embargo
d)
voluntary exchange
47.
In 2010, Mexico imposed a limit of 250,000 tons of sugar that could be imported into Mexico.
a)
Tariff
b)
Quota
c)
Embargo
48.
In 2010, China announced that it would impose and import a tax on American poultry of up 105.4 percent.
a)
Tariff
b)
Embargo
c)
Quota
49.
In 1962, the United States prohibited all imports and exports to and from Cuba.
a)
Tariff
b)
Embargo
c)
Quota
50.
A barrier is meant to 
a)
encourage the flow of trade
b)
block or slow down trade
c)
make people obey the government 
51.
 In this type of government, there is one single ruler and citizens have little to no involvement.
a)
Democracy
b)
Autocracy
c)
Oligarchy
52.
In this type of government, the power is in the hands of the citizens, who vote in free elections.
a)
Democracy
b)
Oligarchy
c)
Autocracy
53.
In this type of Democracy, citizens elect members of the legislature, who then select the country's leader. 
a)
Presidential Democracy
b)
Parliamentary Democracy
c)
Autocracy
54.
In this type of Democracy, citizens directly elect the country's leader.
a)
Presidential Democracy
b)
Parliamentary Democracy
c)
Autocracy
55.
Which type of government does the United Kingdom have?
a)
Federal Republic
b)

Confederation
c)
Parliamentary Democracy
d)
Presidential Democracy
56.
What is Germany's head of government called?
a)
Prime Minister
b)
Monarch
c)
Chancellor
d)
President
57.
What kind of democracy exists in Russia?
a)
Parliamentary
b)
Presidential
58.
In which type of government are citizens MOST likely to choose their leader?
a)
Dictatorship
b)
Oligarchy
c)
Democracy
d)
Monarchy
59.
Which house of parliament in the UK has the most power?
a)
House of Lords
b)
House of Commons
c)
House of Representatives
60.
What type of Democracy does Germany have?
a)
Presidential
b)
Parliamentary
61.

When a King or Queen rule and control a government, it is known as a ______.

a)

monarchy

b)

democracy

c)

theocracy

d)

dictatorship

e)

oligarchy

62.

A member of a community who obeys the laws is called a _____.

a)

citizen

b)

immigrant

c)

servant

d)

migrant

e)

refugee

63.

All citizens have ______ which allow us to do things. These are also known as freedoms.

a)

articles

b)

rights

c)

responsibilities

d)

adaptations

64.

A government which is ruled by one single person is called a ______.

a)

dictatorship

b)

oligarchy

c)

democracy

d)

republic

65.

In a ______, citizens hold political power by voting for their leaders and their laws.

a)

oligarchy

b)

monarchy

c)

democracy

d)

theocracy

e)

dictatorship

66.

______ means having power over people.

a)

economics

b)

corruption

c)

diffusion

d)

authority

67.

In a ______, citizens hold political power by voting for their leaders and their laws.

a)

oligarchy

b)

monarchy

c)

democracy

d)

theocracy

e)

dictatorship

68.

From 1917 to 1991, the country of Russia was known as _____.

a)

Nazi Germany

b)

the Soviet Union

c)

the United Kingdom (UK)

d)

the Roman Empire

69.

Legislature is divided into an upper and a lower house

a)

Democratic

b)

Federation Council

c)

Bicameral

d)

Political Party

70.

Government where political authority rest with a single leader.

a)

Democratic

b)

Autocratic

c)

Bicameral

d)

Bundestag

71.

Government where political authority rests with a nation's citizens. People=Voice (Vote)

a)

Autocratic

b)

Bundestag

c)

Monarch

d)

Democratic

72.

One of the 2 bicameral houses in Germany.

a)

Monarch

b)

Federation Council

c)

Bundestag

d)

Prime Minister

73.

One of the 2 bicameral houses in Russia

a)

Prime Minister

b)

Federation Council

c)

Monarch

d)

Bundestag

74.

Symbolic (symbol) head of state--has NO real power

a)

President

b)

Monarch

c)

Chancellor

d)

Political Party

75.

U.K.'s head of government

a)

Monarch

b)

President

c)

Prime Minister

d)

Chancellor

76.

Who holds all of the power in an autocratic government?

a)

Citizens

b)

Parliament

c)

Chief Executive

d)

Single ruler

77.

Who has the most power in a parliamentary system?

a)

Monarch

b)

President

c)

Prime Minister

d)

Queen

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