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WorksheetsGovernment and Economics Quiz
Total questions: 28
Worksheet time: 14mins
Who decides the answer to the 3 questions in a command economy?
The government
The people
Tradition
The legislature
Who answers the 3 questions in a Market economy?
Consumers
Tradition
The government
The legislature
Who answers the 3 questions in a Traditional economy?
Consumers
Government
What government system is North Korea
Communist
Autocracy
Constitutional Monarchy (Parliament Democracy)
Presidential Democracy
What government system is South Korea
Parliament Democracy
Autocracy
Presidential Democracy
Communist State
What government system is Japan?
Parliament Democracy
Autocracy
Communist State
Presidential Democracy
What government system is India?
Communist State
Autocracy
Presidential Democracy
Parliament Democracy
What government system is China
Parliament Democracy
Autocracy
Communist State
Presidential Democracy
What is a tariff?
A tax on imports
A limit on imports
A ban on trade
focus on production of a certain good
What is a quota?
focus on production of a certain good
A tax on imports
A limit on imports
A ban on trade
What is an embargo?
A tax on imports
A limit on imports
A ban on trade
focus on production of a certain good
What is specialization?
focus on production of a certain good
A tax on imports
A ban on trade
A limit on imports
What does OPEC stand for?
Old People Eat Carrots
Organization of Petroleum Exporting Countries
Old Pugs Eat Cats
Organization of Parliamentary Countries
What are currency exchange rates
Rates to exchange numbers with someone
A system to exchange currencies with each currency's value changing
Rates to exchange goods
A system to exchange lunch food
How many factors of production are there?
7
4
5
10
Which is not a factor of production
Land
Labor
Liberty
Capital
What is human capital
the reason names start with capital letters
education and training of the work force
Tools used to create goods
the total value of all goods and services produced in a year
What is GDP
Gross Daily Production
Gross Dairy Product
Gross Dog Product
Gross Domestic Product
What is Capital?
education and training of workers
Tools used to produce goods
The total value of all goods and services produced in a year
The reason names have capital letters
What is Entrepreneurship?
Entrepreneurship is the process of running a new business, often a small business.
Entrepreneurship is the process of avoiding financial risks
What does a literacy rate show? (2 answers)
How wealthy a country is
How high its standard of living is
How many people are literate
How many people are "lit"
What is a Mixed Economy?
A mixed economy is an economic system that includes a mixture of Market and Command ideas
A mixed economy is an economic system that only includes Command ideas
A mixed economy is an economic system that only includes Market ideas
What percent free is China?
57%
58%
64%
45%
What percent free is India
74%
53%
0%
43%
What percent free is Japan
52%
76%
70%
48%
What percent free is South Korea
74%
67%
56%
45%
What percent free is North Korea
5%
55%
15%
50%
Did I make a good quiz
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no
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