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Worksheets

Review for Gov and Economics

Total questions: 87

Worksheet time: 1hrs 3mins

Name
Class
Date
1.

What is the study of the way goods and services are made and used?

a)

market

b)

geography

c)

economics

2.

People who produce goods and services.

a)

producer

b)

consumer

c)

market

3.

Lack of available resources.

a)

services

b)

scarcity

c)

goods

4.

What type of economy is characterized by government control of means of production?

a)

market economy

b)

mixed economy

c)

traditional economy

d)

command economy

5.

Which type of economy is based on customs and traditions of the past?

a)

traditional economy

b)

command economy

c)

market economy

d)

mixed economy

6.

Which type of economy is based on private business and individual choice?

a)

command economy

b)

market economy

c)

mixed economy

d)

traditional economy

7.

What is a tariff?

a)

a refusal to buy goods from another country

b)

a limit on the number of imports

c)

a tax on imports

d)

a refusal to sell to another country

8.

Moana's village would be an example of a ___________ economy.

a)

Traditional

b)

Planned/command

c)

Mixed

d)

Free-market

9.

A ______________ economy is guided primarily by custom, habit, and ritual.

a)

Traditional

b)

Planned/command

c)

Mixed

d)

Free Market

10.

A _____________ economy is driven entirely by voluntary exchange in markets

a)

Traditional

b)

Planned/Command

c)

Mixed

d)

Free Market

11.

A _________ economy is a market-based system in which the government is involved to some extent.

a)

Traditional

b)

Planned/command

c)

Mixed

d)

Free Market

12.

_______________ would be an example of a modern mixed economy. (select all that apply!)

a)

Germany

b)

The United States

c)

North Korea

d)

Brazil

13.

A 100% free market without government involvement doesn't really exist in the modern world.

a)

True

b)

False

14.

__________ is an example of a planned/command economy.

a)

Capitalism

b)

Traditional

c)

Uniited States of America

d)

Communism

15.

__________ is an example of a planned/command economy.

a)

Capitalism

b)

Traditional

c)

Uniited States of America

d)

Communism

16.

The closest thing to a planned/command economy today exists in:

a)

Soviet Union

b)

Czechoslovakia

c)

North Korea

d)

South Korea

17.

In my country, the government makes all the economic decisions.

a)

Traditional

b)

Command

c)

Market

d)

Mixed

18.

,In my country, the government tells me where to work.

a)

Traditional

b)

Command

c)

Market

d)

Mixed

19.
In a command economy, who holds power over the economy?
a)
The people
b)
The government 
c)
Beyonce
d)
The traditions of your ancesetors 
20.
What are the 3 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?
21.

To trade goods

a)

Taxes

b)

Barter

c)

Service

d)

Producer

22.

Most people in developing nations earn their living by —

a)

farming.

b)

hunting and fishing.

c)

working in manufacturing

industries.

d)

working in service industries.

23.
These countries typically have simple, agriculture-based economies
a)
Developed countries
b)
Developing countries
24.

Countries with high levels of literacy and higher education are in which level of economic development?

a)

More Developed

b)

Newly Industrialized

c)

Less Developed

25.

Countries with low level of literacy are in which level of economic development?

a)

More Developed

b)

Newly Industrialized

c)

Less Developed

26.

In which economic system are entrepreneurs MOST likely to exist?

a)

Command Economy

b)

Market Economy

c)

Traditional Economy

d)

Communist Economy

27.

Lisa started a small business selling t-shirts. She used her home as the place to start the business. She purchased the shirts from a company in Haiti. After selling a large amount of t-shirts, Lisa hired her cousins to help package and ship the t-shirts to customers.


In this scenario, Lisa would be an example of a(n) ________________.

a)

Entrepreneur

b)

Natural Resource

c)

Human Capital

d)

Physical Capital

28.

How does literacy rate affect standard of living?

a)

It has no effect.

b)

The lower the literacy rate the higher the standard of living.

c)

The higher the literacy rate the higher the standard of living.

d)

The higher the literacy rate the lower the standard of living.

29.

Use this chart to answer questions 19 and 20.


Country Brazil Canada

GDP per $15,600 $45,600

capita


Unemployment 6% 7%

Rate


Infant Mortality 18.6% 4.5%

Rate


Life 74 82

Expectancy


Literacy 92.6% 99%

Rate


According to the chart which country has the highest percentage of people able to read and write?

a)

Brazil

b)

Canada

30.

Based on the information in the chart, which country has the highest standard of living?

a)

Brazil

b)

Canada

31.

Direct Democracy

a)

Ruled by Kings and Queens.

b)

The government is elected by the people. Everyone who is eligible to vote, which is a majority of the population, has a chance to have their say over who runs the country.

c)

Rule by a single leader who has not been elected and may use force to keep control.

d)

A system of government by one person with absolute power.

32.

Representative Democracy

a)

Led by representatives of the voters. Each is individually chosen for a set period of time.

b)

Government owns many of the larger industries and provide education, health and welfare services while allowing citizens some economic choices.

c)

Government owns all businesses and farms and provides its people healthcare, education, and welfare. Political and Economic theory derived from the ideas of Karl Marx.

d)

The government is elected by the people. Everyone who is eligible to vote, which is a majority of the population, has a chance to have their say over who runs the country.

33.

Monarchy

a)

Ruled by Kings and Queens.

b)

A form of government which consists of rule by an elite group who rule in their own interests. Especially the accumulation of wealth and privilege.

c)

A system of government by one person with absolute power.

d)

Rule by a single leader who has not been elected and may use force to keep control.

34.

In this type of democracy, the people elect representatives who make decisions on their behalf.

a)

Representative Democracy

b)

Direct Democracy

35.

The Queen of England does not have total control. She shares her power with Parliament, which is headed by the Prime Minister. What type of monarchy is this an example of?

a)

Constitutional Monarchy

b)

Monarchy

c)

Direct Democracy

d)

Representative Democracy

36.
The type of government where individuals elect leaders to represent them and these representatives are bound by the law or some form of constitution would be
a)
A monarchy
b)
A dictatorship
c)
A democracy
d)
A republic
37.
The United Kingdom has a royal family and also a government headed by a Prime Minister and his cabinet. This type of government would be 
a)
A dictatorship
b)
A constitutional monarchy
c)
An absolute or traditional monarchy
d)
An oligarchy
38.

Citizens often have no rights in a

a)

Democracy

b)

Dictatorship

39.

People do not answer to any leader or government

a)

Monarchy

b)

Anarchy

40.

In the novel/tv show The Handmaid's Tale, the fictional country of Gilead's government is run by religious leaders. This would be an example of -

a)

Republic

b)

Monarchy

c)

Theocracy

d)

Tribal

41.

A government that chooses leaders through free and fair elections is considered to be a -

a)

Monarchy

b)

Theocracy

c)

Democracy

d)

Republic

42.
Who is the head of the Executive branch?
a)
governor
b)
mayor
c)
president
d)
speaker of the house
43.

The highest law in the United States is the:

a)

Bill of Rights

b)

Declaration of Independence

c)

Amendment Scroll

d)

Constitution

44.

Our three branches of government are:

a)

Legislative, Independent, Judicial

b)

Judicial, Executive, Legislative

c)

Local, State, Federal

d)

Tall, Grande, Venti

45.

What type of government do we have in the United States?

a)

Monarchy

b)

Democracy

c)

Socialist

d)

Communist

46.

In charge of the court system

a)

Judicial

b)

Legislative

c)

Executive

47.

Responsible for writing and passing laws

a)

Judicial

b)

Legislative

c)

Executive

48.
True or False:  Canada has a President?
a)
True
b)
False
49.

What title is given to the head of government in a parliamentary democracy?

a)

monarch

b)

legislature

c)

prime minister

d)

governor general

50.

What title is given to the head of state in a constitutional monarchy?

a)

monarch

b)

legislature

c)

prime minister

d)

governor general

51.

Most _____________ governments do not have a constitution that protects their citizens rights.

a)

Unlimited government

b)

Limited government

52.

The United States, Canada, United Kingdom, Australia, Japan, and India, are all examples of a limited Government.

a)

True

b)

False

53.

The United States, Mexico, South Korea, and Russia are all examples of what form of government?

a)

Representative Democracy

b)

Absolute Monarchy

c)

Constitutional Monarchy

d)

Totalitarian

54.

Type of government where, through laws, some control is placed on the leadership’s powers.

a)

limited government

b)

unlimited government

55.

ALL people obey the laws

a)

limited government

b)

unlimited government

56.

Those who make the laws are NOT required to obey them.

a)

limited government

b)

unlimited government

57.

Rule by one or few

a)

limited government

b)

unlimited government

58.

United states is a

a)

limited government

b)

unlimited government

59.

United states is a Representative Democracy

a)

true

b)

false

60.

a democracy is

a)

ruled by many (people)

b)

ruled by few

c)

ruled by none

61.

Who do we get direct democracy from?

a)

Ancient Greece (Greeks)

b)

Rome (Romans)

62.

Who do we get Republic from

a)

Ancient Greece (Greeks)

b)

Rome (Romans)

63.

What type of government does Canada have?

a)

Constitutional Democracy

b)

Dictatorship

c)

Oligarchy

64.
What can someone expect to find in a society ruled by a dictator?
a)
Government controls most aspects of life.
b)
Religious beliefs are supported by the government.
c)
The government is considered a servant of ordinary citizens.
d)
Citizens can publicly speak out against their ruler's policy
65.
Struggle among multiple sellers to attract consumers
a)
Mixed Economy
b)
Profit Motive 
c)
Competition
d)
Inflation
66.
Economic action done or brought about by free choice
a)
Consumer Soveriegnty
b)
Voluntary Exchange
c)
Profit Motive
d)
Free Enterprise
67.
Driving force that encourages people to improve their material well-being?
a)
Profit Motive
b)
Entrepreneur
c)
Inflation
d)
Minimum Wage
68.
Someone who organizes and manages land, capital, and labor to make a profit
a)
Businessman
b)
Entrepreneur 
c)
Lawyer
d)
CEO
69.
Economic system with a combination of command, traditional, and market economies
a)
Capitalism
b)
Mixed
c)
Free Enterprise
d)
Socialism
70.
The economic system of the United States is considered a _______ .
a)
Free Market Capitalism
b)
Socialism
c)
Traditional Economy
d)
Command Economy
71.
Which of the following is largely responsible for the growth of a free enterprise system?
a)
Government
b)
GDP
c)
Profit Motive
d)
Market Efficiency 
72.
Markets in the free enterprise system are seldom regulated by _______ 
a)
Businesses
b)
the Government
c)
Consumers
d)
Entrepreneurs
73.
The four factors of production are land, labor, capital, and _______ .
a)
Entrepreneurs
b)
Franchises
c)
Inflation
d)
the Government
74.
The driving force behind people going into business is
a)
profit margin
b)
profit motive
c)
opportunity cost
d)
taxes
75.
The basic economic problem is 
a)
scarcity
b)
monopolies
c)
consumers
d)
capitalism
76.

Which type of economy is best described by these characteristics?

a)

Subsistence farming

b)

Free enterprise

c)

Mercantilism

d)

Socialism

77.

Which of the following best completes this illustration?

a)

Free Enterprise System

b)

Mercantile System

c)

Federalism

d)

Republicanism

78.

Americans celebrating with pinatas, soccer is popular in the United States, Japan wears blue jeans, Brazil eats hamburgers. These are examples of?

a)

Urbanization

b)

Transportation corridors

c)

Cultural Diffusion

d)

Multiculturalism

79.

Growing fruit, managing animals, and harvesting crops are examples of:

a)

Retail industries

b)

Agricultural activities

c)

Manufacturing

d)

Service jobs

80.

Cutting hair, manicurist, and being a waitress or waiter is an example of what type of economic activity?

a)

Service Industry

b)

Manufacturing Industry

c)

Agricultural Industry

d)

Retail Industry

81.

What is an advantage of a free-enterprise economy?

a)

lots of choices

b)

inequality (not equal)

c)

always have a job

d)

secure future

82.

Which economy is described here: There is no competition, few job choices, and complete government control.

a)

free enterprise

b)

command

83.

Monday, when we could choose what job you wanted and what you created, what economy were we simulating?

a)

free enterprise

b)

command

84.

Which type of economy has outdated technology and very little choice in product?

a)

command

b)

free enterprise

85.

What is an disadvantage of command economy?

a)

no competition

b)

little government control

c)

advanced technology

d)

quality over quantity

86.

What is one difference between a command economy and free-enterprise economies?

a)

command economies have unlimited job choices and free enterprise does not.

b)

free-enterprise has advanced technology and command does not.

c)

free enterprise has poor quality and little quantity and command does not.

d)

free enterprise and command economies are owned by the government

87.

Private ownership, quality and quantity, and unlimited product choices are all advantages of what economy?

a)

free enterprise

b)

command