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WorksheetsEconomics Review
Total questions: 15
Worksheet time: 8mins
What part of the economic spectrum would you find North Korea?
On the left
On the right
In the middle
It is traditional so it is not on the spectrum
What part of the economic spectrum would you find the United States?
On the Left
On the Right
In the Middle
It i not on the line it is traditional
Where would you find a people from the Amazon rain forest on the economic spectrum?
On the left
On the right
in the middle
Not on the line it is traditional
Justin wants to open a business that sells underwear and his underwear is the best in the world according to the New York Times. Justin is now the third richest man in the world. Which economic system is the country that Justin lives in?
Communsim
Socialism
Free Market
Traditional
Nationalization is to _________________ as Privatization is to Capitalism.
Free Market
Socialism
Traditional
Communism
If the government subsidizes part of your income and you are able to get food stamps and fly on the National airlines. But you are still able to open a business what kind of Economic system do you live in?
Mixed economy
Free market economy
Command Economy
Traditional economy
Using the map and your knowledge of globalization which country would be the most poor?
Which of the following is a good thing about globalization?
More variety of products and competition
Increased warfare
moving jobs to laces with no minimum wage
loss of global culture
What level of economic activity is the lady in the green (the one on the right)?
Secondary
Primary
Quaternary
Tertiary
What three countries are in trade agreement of NAFTA
US, Mexico, and Canada
US, Greenland, and El Salvador
Mexico, Canada, and Cuba
Haiti, Bolivia, Paraguay
Which economic system uses bartering?
Free Market
Command
Mixed
Traditional
Which level of economic activity would you find an assembly line worker?
Primary
Secondary
Tertiary
Quaternary
If a country is having more people go to college and work in research and development what level of economic activity are they in?
Primary
Secondary
Tertiary
Quaternary
What would happen if globalization stopped?
The world would end.
Countries would become more rich
People would not have a variety of goods
We would get more products
What type of economy is socialism?
When the economy is privatized
When the economy is nationalized
When the people do not use money but trade
When the government owns certain parts of the economy and the people other parts
