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WorksheetsBusiness Expansion Considerations
Total questions: 28
Worksheet time: 19mins
Ms. Alarid opened a store selling pinatas about 3 years ago. Her business did so well, she wants to expand her business and open up more stores. Her stores need to be accessible to people from all over the city. Which of the following Ms. Alarid need to consider before choosing places to expand her pinata stores?
Access to roads for transportation
Access to banks
Access to stores
Access to farms
Which physical feature is important for countries in Europe to trade with other countries from around the world?
Mountain ranges
Water
Snow Caps
Deserts
Based on the chart, which country is the most advanced?
Ethiopia
Ecuador
Afghanistan
Tonga
Based on the chart, which country invests or spends more money on education?
Ethiopia
Ecuador
Afghanistan
Tonga
How do you know Tonga invests the most money in education?
Based on the chart, which country invests or spends more money on healthcare?
Ethiopia
Ecuador
Afghanistan
Tonga
China’s government makes most of the big decisions about what to produce, how much to charge, and how resources are used. Instead of businesses deciding everything on their own, the government has a lot of control over industries like factories, transportation, and energy. Which type of economy is being described?
Traditional
Command
Market
Mixed
China’s government makes most of the big decisions about what to produce, how much to charge, and how resources are used. Instead of businesses deciding everything on their own, the government has a lot of control over industries like factories, transportation, and energy.
What are key words that tell you China has a command economy?
control over
factories
business
transportation
Which type of economy is being described?
Traditional
Command
Market
Mixed
What is one key word that helped you choose?
In the 1600’s goods were made in very small quantities because they were made by hand in small homes called cottages. Most families grew what they needed to live. What type of economy is being described?
Traditional Economy
Mixed Economy
Market Economy
Command Economy
The difference between the economy of Cuba and the economy of the United States is that Cuba has a centrally planned economy while the United States has a market-based economy.
Cuba has a centrally planned economy while the United States has a market-based economy.
Cuba has a market-based economy while the United States has a centrally planned economy.
Both countries have centrally planned economies.
Both countries have market-based economies.
Two ways that a command and a market economy are different are that in a command economy, production decisions are made by the government, whereas in a market economy, these decisions are guided by supply and demand.
There is no difference between them.
In a command economy, production decisions are government-dictated, whereas in a market economy, they are determined by supply and demand.
A command economy relies on market forces, while a market economy is centrally planned.
Both economies follow the same economic rules.
Two ways that a traditional and mixed economy are different: one is that in a traditional economy, customs and traditions play a dominant role in economic decisions; while in a mixed economy, both private sector freedom and government intervention are present.
Traditional economies rely solely on customs while mixed economies combine market freedom with government regulation.
Traditional economies incorporate modern technology and mixed economies avoid government intervention.
Mixed economies are based on traditions and customs whereas traditional economies are regulated by the government.
Traditional economies and mixed economies are identical in all economic practices.
In the economy of the United States, both privately owned businesses and the government play an important role. What type of economic system does this describe?
Traditional
Market
Command
Mixed
According to the passage, some services that Americans believe are better performed by public rather than private enterprise include:
Public safety, education, and infrastructure
Private innovation and competition
Commercial ventures
None of the above
The four types of economic systems mentioned in the image are:
Market, Command, Traditional, Mixed
Capitalist, Socialist, Feudal, Mixed
Market, Command, Traditional, Liberal
Feudal, Capitalist, Communist, Socialist
Based on the passage about North Korea, which type of economic system does it have?
Traditional
Market
Command
Mixed
Before the founding of the People's Republic of China in 1949, China produced large amounts of ______.
porcelain
silk
tea
paper
What type of economic system does China have today?
Traditional
Market
Command
Mixed
In 1980, the Chinese government established ______ to encourage trade and foreign investment.
Special Economic Zones
Export Processing Zones
Trade Bureaus
Economic Free Zones
Based on the passage 'Aborigines in Australia', what type of economic system did the Aborigines traditionally follow?
Traditional
Market
Command
Mixed
According to the passage 'Aborigines in Australia', European colonization changed the way of life for the Aborigines primarily by causing profound disruptions that included forced assimilation, displacement, and loss of cultural traditions.
They continued their traditional lifestyle without change.
They experienced profound disruptions including forced assimilation, displacement, and loss of cultural traditions.
They voluntarily adopted European customs to improve their way of life.
Their way of life was improved by adopting modern techniques.
Based on the passage, what type of economic system does Finland have?
Traditional
Market
Command
Mixed
Select the welfare programs mentioned in the passage about Finland.
Universal healthcare, education, social security, and support for the unemployed.
Only healthcare assistance is provided.
Only education and employment support are mentioned.
No welfare programs are described in the passage.
Based on the passage about Peru, which type of economic system does Peru have?
Traditional
Market
Command
Mixed
Based on the passage, what type of economic system does Hong Kong have?
Traditional
Market
Command
Mixed
Hong Kong's partnership with China has influenced its economy by enhancing trade and investment flows according to the passage.
Enhanced trade and investment flows
Increased economic isolation
Caused inflation
Led to regulatory conflicts
