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WorksheetsUnit 3A Review
Total questions: 25
Worksheet time: 18mins
A command economy is characterized by:
An economy in which people make economic decisions based on their customs and habits
An economy in which individual consumers and producers make economic decisions
An economy in which the central government makes all economic decisions
An economy that combines elements of traditional and market economic systems
Which type of government is one in which all power is held by a single person or a small group?
Democracy
Monarchy
Authoritarian
Anarchy
Which level of economic activity does commercial fishing qualify as?
Primary
Secondary
Tertiary
Quaternary
Which level of economic activity does manufacturing iron for the construction industry qualify as?
Primary
Secondary
Tertiary
Quaternary
Which U.S. government branch makes laws?
Executive
Legislative
Judicial
Presidential
Which U.S. government branch interprets laws?
Executive
Legislative
Judicial
Presidential
Which U.S. government branch enforces laws?
Executive
Legislative
Judicial
Presidential
What kind of economy does a government have that owns some resources and doesn’t own others?
Command
Market
Mixed
Traditional
When a nation buys (imports) more than it sells (exports) this balance of trade is known as:
a favorable trade balance
an unfavorable trade balance
a trade surplus
balanced trade
If one country trades coconuts for rice with another country, what is the most likely reason they need to trade?
Population
Climate
Economy
Religion
What may happen if Country B needed oil and Country C needed cars?
Country B would trade with Country A for Oil and Country C would trade with Country A for cars.
Country B would trade with Country C for Oil and Country C would trade with Country A for cars.
Country B would trade with Country A for Oil and Country C would trade with Country B for cars.
How much power do kings and queens have in a true monarchy?
absolute or total
limited
uncertain
partial
Iron, Natural Gas, and coal are all examples of what type of economic activity?
Primary
Secondary
Tertiary
Quaternary
A good or service produced within a country and sold outside the country's borders is known as a:
import
export
incentive
profit
Playstation, XBox, and Nintendo are all examples of:
GDP
Incentives
Competition
Exports
A country with a strong economy and a high quality of life, such as the United States or Japan, is known as a:
developing country
command country
democratic country
developed country
A country with a less-productive economy and a lower quality of life such as Haiti or Ethiopia is known as a:
developing country
command country
democratic country
developed country
When the supply is low and demand is high, the price goes
up
down
When the supply is high and demand is low, the price goes
up.
down.
DeAngelo’s tomato farm caught on fire. It destroyed half of his crops. However, he is the only tomato farmer in the state who has any tomatoes for sale. Michael really needs to buy tomatoes. What happens to the price of tomatoes if the supply goes down but the demand goes up?
The price goes up
the price goes down
the price stays the same
What do we call a system of government in which power is balanced between central, state, and local governments?
communism
authoritative
federal
anarchy
What is GDP stand for?
Ghost Directive Protocol
Gross Domestic Product
Governor’s Democracy Practices
General Direct Practice
A strong economy has:
A high GDP and low percentage living in poverty
A high population and low birth rate
A high life expectancy and high percentage living in poverty
A low GDP and high percentage living in poverty
One purpose of the US Government is to:
Give some people natural rights
Protect the rights of foreign nations
Preserve the rights of the people
What type of economic activity is transporting lumber to a saw mill after it has been cut down?
Primary
Tertiary
Secondary
Quaternary
