WorksheetsECONOMICS QUIZ
Total questions: 10
Worksheet time: 5mins
Which of these is an example of an economic sanction?
Creating trade alliances with bordering countries
Restricting trade with a country that has a poor human rights record
Providing poor countries with humanitarian aid
Refusing to meet with a diplomatic representative of a dictatorship
Which of these statements about the North Atlantic Treaty Organization (NATO) is true?
An armed attack against one member is considered an attack against all members
An executive panel controls legislation passed in member nations.
Members are prevented from conducting trade with non-member nations.
Members are required to open their boarders to immigrants from other nations.
The World Bank is most associated with which of the following activities?
Offering military expertise
Providing loans to poor countries in need
Supplying medical care after natural disasters
Supporting political candidates
Which of these would most likely take place in a command economy?
private ownership of property
competition between businesses
Government leaders decide how goods will be produced
Consumers decide the sales policies of business owners
Which of these best describes the United States’ economic system?
Mixed
Command
Traditional
Market
This international organization is part of the UN and sends disaster relief aid such as medicine and doctors to countries or states in need.
NATO
Red Cross
World Bank
World Health
When there is NOT ENOUGH of a good or service this is known as....
Opportunity Cost
Embargo
Scarcity
Sanction
A severe economic restriction that cuts off trade with a country, intending to harm that countries economy. Example: Cuba
Sanction
Tariff
Economic Consequence
Embargo
This organization monitors the economies of different countries and tracks data of money supply around the globe.
Federal Reserve
International Monetary Fund (IMF)
NATO
NAFTA
This organization controls the amount of oil shipped around the world.
NATO
OPEC
NAFTA
IMF
