WorksheetsGovernment Systems & Economics TestCT
Total questions: 28
Worksheet time: 29mins
Name
Class
Date
1.
In this type of Democracy, the leader works separately and independently from the Legislature. This is known as a "Separation of Powers."
a)
Parliamentary Democracy
b)
Presidential Democracy
2.
A government system controlled by a small, select, group of people. Citizens have very limited rights.
a)
Autocracy
b)
Democracy
c)
Oligarchy
3.
A government system that is controlled by a single ruler with unlimited power. Citizens have little to no say in their government.
a)
Autocracy
b)
Democracy
c)
Oligarchy
4.
In this type of Democracy, the leader is elected directly by the legislature (the law makers).
a)
Parliamentary Democracy
b)
Presidential Democracy
5.
The leader of government in a Parliamentary Democracy is known as:
a)
President
b)
Prime Minister
c)
Premier
6.
A ruler who has supreme and ultimate authority, unchallenged by all?
a)
President
b)
Dictator
7.
A government system where the power lies with the people. The citizens can exercise this power by voting for their officials.
a)
Democracy
b)
Autocracy
c)
Oligarchy
8.
In this type of Democracy, the leader is elected directly by the citizens.
a)
Parliamentary Democracy
b)
Presidential Democracy
9.
In this type of Democracy, the leader works directly within the Legislature and shares duties and responsibilities. This is known as a "Fusion of Powers."
a)
Parliamentary Democracy
b)
Presidential Democracy
10.
The leader of government in a Presidential Democracy is known as:
a)
King
b)
President
c)
Prime Minister
11.
In a ____________ economy, the government controls every aspect of the economy.
a)
Market
b)
Command
c)
Traditional
12.
Why do most economies in the world today operate somewhere in between a market economy and a command economy?
a)
Most consumers want government control of the economy
b)
Government control makes a market economy more profitable
c)
Most economies have found they need a mix of free market and some government control to be successful and protect consumers.
13.
Samuel's father was a farmer, so was his grandfather. They farm in the same method their ancestors did. This is example of what type of economy?
a)
Command
b)
Market
c)
Traditional
14.
Rachel is an entrepreneur who chooses to open a shop that makes gourmet cupcakes. She can choose who she hires and how she makes the cupcakes with some rules from the government. She is required to pay her workers a minimum wage and keep her place of business clean. This is an example of what type of economy?
a)
Market
b)
Traditional
c)
Mixed
15.
The total dollar amount of all final goods and services produced in a country in a year.
a)
Exports
b)
Gross Domestic Product
c)
Specialization
16.
A tax on imports is known as:
a)
Embargo
b)
Tariff
c)
Quota
17.
A limit on the quantity of an item brought into a country is...
a)
Embargo
b)
Tariff
c)
Quota
18.
The U.S. has an ____________________ on trade with North Korea because of its nuclear program. We do not buy anything from them or sell anything to them.
a)
Export
b)
Embargo
c)
Quota
19.
President BOB has placed a ____________ on boat motors from China. This tax on boat motors raises the price and encourages Americans to buy American-made boat motors.
a)
Quota
b)
Embargo
c)
Tariff
20.
What is economic specialization?
a)
directly swapping goods from one country to another without having to use money
b)
producing all goods and service needed for a country's growth so that trade with other countries is not needed
c)
producing those goods a country can make most efficiently so they can trade them for goods made by others that cannot be produced locally
21.
A good that is shipped OUT of a country for profit?
a)
Export
b)
Import
c)
Tariff
22.
A good brought into a country during trade?
a)
Export
b)
Import
c)
Tariff
23.
Capital goods are...
a)
all the training workers undergo to be better at their jobs
b)
all of the factories, machines, technologies, buildings, and property needed by businesses to operate
c)
all the items that are grown and developed by nature
24.
Natural resources are:
a)
all of the factories, machines, technologies, buildings, and property needed by businesses to operate
b)
all the items that are grown and developed by nature
c)
people who invest money to start a business.
25.
Which of the following is an example of an entrepreneur?
a)
A man who designs shoes for Nike.
b)
A woman who starts her own cupcake shop.
c)
A farmer who farms the same way his ancestors did
26.
Which of the following includes the knowledge, skills, education and talent people bring to work?
a)
Human Capital
b)
Natural Resources
c)
Entrepreneurship
27.
What is likely to happen to a country's GDP if it invests in human capital and capital goods?
a)
The GDP will decrease
b)
The GDP will increase
c)
The GDP will stay the same
28.
Please write two or three sentences about why Entrepreneurs are important to an economy.
4 lines
100 %
