WorksheetsEco Test Corrections
Total questions: 10
Worksheet time: 5mins
Which of the following statements is an example of how "location" impacts the types of
economic activities of a country?
A Bolivia, a landlocked country, does not have direct access to seaports to trade
B SW Asia's GDP is high because they have an abundance of natural oil
C The colonial history of many countries in Africa have hurt their economic development.
D A shortage of labor decreases the economic activities in Indonesia
Which statement about the chart is most accurate?
A China is the least developed country.
B Italy is the most developed country.
C Bolivia is a newly industrialized nation.
D Egypt is considered a more developed country
Compare the role of the government in the different economic systems. Which phrase accurately completes the chart?
A Makes some rules
B Controls everything
C makes the business plans
D Supports what the people want
Which geographic factor is MOST responsible for the many farmlands in Egypt?
A Seawater irrigates the land.
B Rainfall is high in the region.
C River flooding deposits rich soil.
D Desert sand is good for crops.
Type of climate
Soil conditions
Types of landforms
Environmental stability
Which statement best summarizes the relationship between the items above
A A country’s politics have an impact on the types of economic activities available
there.
B A country’s technology advances have an impact on the types of economic activities available there.
C Nearness to natural resources is the only determining factor for a country’s economic activities.
D A country’s physical geography has an impact on the types of economic activities available there.
hunting and gathering
subsistence farming
cottage industries
The list above shows characteristics of a .
A Command Economy
B Market Economy
C Traditional Economy
D Mixed Economy
A shortage of oil in a small island country,
like Japan, would likely lead the country
to becoming —
A less dependent on its natural resources
B more dependent on its electronic products
C less dependent on China and the United States
D more dependent on the countries of the Middle East (Saudi Arabia, Iran, Iraq)
"In the United States some goods and services are controlled by individuals and others are controlled by government."
Which of the following explains why this statement is true?
A
The United States has a free enterprise system in which individuals and companies decide what products and services to provide, but the government decides who can purchase them.
B
The United States has a pure free enterprise system which does not have any government interference.
C
The United States has a mixed economy in which the government provides some services and controls some industries especially those related to safety and health. Most are controlled by individuals and companies.
D
The United States has a socialist/communist economy in which most products and services are controlled by the government with only a few controlled by individuals and companies.
What effect would a shortage of entrepreneurs likely have on the United States?
A more jobs would be created
B fewer businesses would be started
C sales taxes would increase
D a command economy would develop
Read the excerpt below to answer the following
question:
"My uncle owns a textile factory and warehouse in North Carolina. He has over 300 employees and sells his fabrics to retailers all over the world. These fabrics are used to make clothes that people wear. He is able to set his own prices based on the supply of materials to make the fabrics and the demand from his customers. My uncle has been able to make a great living off the profits from his factory. "
The excerpt above describes a .
A Traditional Economy
B free market/enterprise Economy
C Command Economy
D Mixed Economy
