Worksheets5th 6 Weeks Quiz
Total questions: 15
Worksheet time: 11mins
Which is a central characteristic of a free market economy?
The government owns the means of production
All wage earners are paid the same amount
Labor unions are prohibited
Businesses are driven by the desire of profits
Which group has the greatest influence in determining what goods and services will be produced in a communist economic system?
Farmers
Government officials
Consumers
Business leaders
Which of the following two methods are production are most commonly associated with a traditional economic system?
Subsistence agriculture and some trade
Commercial industry and market oriented agriculture
Market oriented agriculture and subsistence agriculture
Cottage industry and commercial industry
In Indonesia, the government owns large industries and sets some prices. However, private businesses are also encouraged and several hundred are actively traded on the Indonesian Stock Exchange. This country’s economy system can best be classified as —
Traditional
Free enterprise
Socialist
Communist
Why is subsistence farming less efficient than commercial agriculture?
Subsistence farmers harvest a surplus of crops to be sold for profit
Subsistence farmers domesticate animals to transport goods
Subsistence farmers often irrigate crops to increase production
Subsistence farmers produce just enough food for their family's survival
The images shown are examples of
Commercial industry and commercial agriculture
Commercial industry and subsistence agriculture
Cottage industry and commercial industry
Mass production and subsistence agriculture
Human gathering and hunting, subsistence agriculture, and barter system are characteristics of a---?
Free enterprise
Communist Economy
Traditional Economy
Socialist Economy
Which activity from the passage is considered a tertiary economic activity?
Teaching a college business class
Constructing solar-heated barns
Selling goat milk to markets overseas
Raising goats in order to sell goat milk
Which of these would most likely be shown a map-developed country's quaternary economic sector?
Locations of natural resources
Major universities and research institutions
Transport networks
Centers of manufacturing and processing
Which of the following economic activities would most likely be shown on a map of a less developed country's primary economic sector?
Locations of natural resources
Major universities and research institutions
Transporation networks
Centers of manufacturing and processing
Which conclusion is best supported by the information in these examples?
Major urban centers are usually found only along rivers
Technology has little effect on economic activities
The physical geography of an area often affects its economic activities
Natural resources are more important than climate to economic activities
In a traditional economy, information about the way goods are produced is passed from one generation to the next by the---
Family
Legal system
Public schools
Government
What occupation would most commonly be found in Country 1?
Subsistence farming
Mining
Computer programmers
Commercial agriculture
Which statement would be trueu of the economy in Country 2?
Many businesses compete to have the lowest prices
Most people follow their parents' occupations
A major goal of the economy is to have a classless society
Few people receive education or training outside the home
A supporter of the economic system found in Country 3 would most likely agree with which statement?
All nations can benefit from cottage industries
Revolutions is the only solution to current economic problems
A planned economy is necessary in order to industrialize
Government should limit its interference in the economy
