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WorksheetsChp 13: Global Economics Review
Total questions: 16
Worksheet time: 8mins
Product standards, subsidies, and quotas are examples of _______ policies.
capitalism
scarcity
protectionism
supply and demand
economic interdependence
_________ impacts pricing based on the availability of a product and the consumer desire for it.
capitalism
scarcity
protectionism
supply and demand
economic interdependence
A characteristic that sets _______ apart as an economic and political.
capitalism
scarcity
protectionism
supply and demand
economic interdependence
_______ is experienced when demand meets insufficient resources.
capitalism
scarcity
protectionism
supply and demand
economic interdependence
_______ happens when multiple countries rely on one another for goods and services.
capitalism
scarcity
protectionism
supply and demand
economic interdependence
_______ includes the study of individual purchasing decisions.
export
developing countries
microeconomics
economic system
tariff
Fewer available resources and a lower standard of living are characteristics of _______.
export
developing countries
microeconomics
economic system
tariff
A(n) ______ is the way in which a country uses their resources and distributes goods and services.
export
developing countries
microeconomics
economic system
tariff
A(n) ______ is a product or service a country sells to another country.
export
developing countries
microeconomics
economic system
tariff
In order to help sell more domestic products, a country might charge an extra tax, or ____, on imports.
export
developing countries
microeconomics
economic system
tariff
Which of the four economic sectors includes education, the government, and scientific research?
primary
secondary
tertiary
quaternary
Which of the following is not considered a factor of production?
land
labor
competition
capital
Controlling the use of a product or service is known as what?
scarcity
rationing
subsidy
tariff
When consumer demand for a product is met by the available supply, the market has reached:
scarcity
deflation
equilibrium
expansion
What term is used to describe when economic growth is at its highest point?
expansion
peak
contraction
trough
The total value of all the goods and services sold by a country is known as what?
GDP
GPA
DGP
PGA
