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WorksheetsBenchmark 1 Review
Total questions: 34
Worksheet time: 34mins
The three basic economic questions are:
What to produce?
How to produce?
For whom to produce?
How much to produce?
_____________________ makes all the economic decisions in a command economy.
People
Businesses
Government
Pope
On the economic continuum, __________________ countries are closer to a command economic system.
current democratic
only southern
only western
former communist
Literacy rate is ...
person who brings together natural, human and capital resources to produce goods and services.
percentage of adults who can read and write in a country.
person who brings together natural, human and capital resources for trade.
percentage of adults who can drive in a country.
True/ False: computers and delivery trucks are examples of capital goods.
True
False
Education is an example of
Natural Resources
Human Captial
Capital Goods
Entrepreneurship
Factories is an example of
Natural Resources
Human Captial
Capital Goods
Entrepreneurship
A tariff causes an _______________________ to be placed on imported goods.
increased tax
decreased tax
reduction in quantity
increase in quantity
Which is NOT a trade barrier?
Embargo
Trade
Quota
Tariff
What is the name of the largest land-form in Europe which has lots of arable land (land good for farming)?
Rhine River
North European Plain
Danube River
Iberian Peninsula
Which physical feature forms the border between France and Spain?
Alps
Pyrenees Mountains
Ural Mountains
Rhine River
Which country is this?
Germany
Poland
Spain
Ukraine
Which body of water would you take to go from Spain to Italy?
Mediterranean Sea
Rhine River
Danube River
English Channel
All of the following are causes of air pollution and acid rain except for
burning fossil fuels like coal
vehicle emissions into the air
manufacturing
solar, wind and water power
___________ is the common currency for countries that belong to the European Union.
Pound
Frank
Ruble
Euro
______________________ is a system that make trading between countries like United States and Russia easier.
Standard of Living
Tariffs
Currency Exchange
Capital Investment
_____________ ports are often closed because of the harsh weather, while _________ ports are open year around.
UK, Russia
UK, Spain
Russia, UK
Spain, UK
Natural resources ___________ a countries economic success.
increase
decrease
level out
don't affect
In a market economy decisions are made by...
the government
individuals and businesses
family traditions
lottery
On the economic continuum, the UK is closest to _________________________.
command
mixed
market
traditional
On the economic continuum, the Russia is closest to _________________________.
command
mixed
market
traditional
Gross Domestic Product is the
total value of all the goods and services produced in that country in one year
All of the things found in or on the earth; “gifts of nature”
all of the skills, talents, education, and abilities that human workers possess---and the value that they bring to the marketplace.
all of the goods that are produced in the country and then used to make other goods & services.
GDP increases when a country
has a declining literacy rate
stops trade with Russia
invests in capital goods
has more tariffs
__________________________ is when countries choose to produce goods and services that they can produce quickly and efficiently.
Entreprenureship
Specialization
Gross Domestic Product
Human Capital
Which of the following is NOT a benefit of the European Union:
Common currency
High membership costs
Citizens can move freely between countries
No War
Which of the following is an outcome of having 23 different languages in Europe
language barriers between citizens
government documents in multiple languages
students learn more than one language
all of the above
Monotheistic means
belief in one god
belief in two gods
belief in Jesus as our savior
belief in Mohammad as the only prophet
Judaism, Christianity, and Islam
are all monotheistic
all have a scared text
all believe in a prophet
all of the above
