WorksheetsBasics of Economics and Government Review
Total questions: 44
Worksheet time: 24mins
I can be a dictatorship or an absolute monarchy.
Dictator
Democracy
Oligarchy
Autocracy
A full member of a country with rights protected by the government
citizen
legislature
Senator
Representative
This type of government claims to gain its power from their god; a mixture of government and religion.
Democracy
Oligarchy
Theocracy
WHAT IS THE DEFINITION OF ANARCHY
HAVING NO GOVERNMENT/LAW
Ruled by a King or Queen
Which type of government is being described? Today is the first Tuesday in November. Today is Election Day! Everyone who is over eighteen years old has the right to vote for the leader of their country.
Monarchy
Democracy
Theocracy
Autocracy
Who am I? I make the laws for my country
Citizen
Legislative Branch
Judicial Branch
Executive Branch
Not only am I the leader of my country but I also get to help make the laws of my country
Prime Minister
President
Congress is made up of two Houses. What are they?
Senate and President
Senate and House of Representatives
House of Representatives and Ministers
House of Representatives and the Prime Minister
When citizens believe a law is unjust, illegal or unconstitutional, it comes to me. I am the highest court in the United States (U.S.) Judicial Branch. What am I?
Supreme Court
Senate
State Court
Criminal Court
The national government of the United States is divided into three branches. These branches are
federal, state, and local
international, federal, and local
interstate, state, and intrastate
executive, legislative, and judicial
Which branch of government makes sure people are FOLLOWING THE LAWS?
Legislative
Judicial
Executive
Economics studies the problem of scarcity. What does scarcity mean?
there are too many resources
there are not enough resources
How much do people's wants and needs seem to exist? Are they limited or unlimited
unlimited
limited
14. ____________________________________________ of goods/services produced by society are affected by the location, customs, beliefs, and laws of the society.
a) Production, Distribution, Consumption
b) Import, Export, Storage
c) Marketing, Advertising, Branding
d) Design, Packaging, Delivery
shows direction
legend
title
scale
compass rose
shows how the distance between two locations on a map compared to the distance in real life
compass rose
scale
legend
key
What does the "SE" stand for on the compass rose?
South East
South West
North West
Humans, their society, and the environment affect each other.
Human Environment Interaction
Location/Migration
Conflict and Change
Culture
The government of Cub is an autocratic government. Power organized from a strong central government controls each of the smaller units in the country. Cuba is a communist dictatorship. The citizens do not elect the president. The government controls almost all businesses, factories, and farms. What type of government exists in Cuba?
monarchy
dictatorship
presidential democracy
parliamentary democracy
Read the scenario: The government of Cub is an autocratic government. Power organized from a strong central government controls each of the smaller units in the country. Cuba is a communist dictatorship. The citizens do not elect the president. The government controls almost all businesses, factories, and farms. What type of economy exists in Cuba?
market
command
traditional
mixed
The government of Mexico is a presidential democracy. Power is divided between the central government, state and local governments. The citizens elect the president who can serve one 6-year term. They also elect members of the legislature, which is called Congress. What type of government is Mexico?
communist
monarchy
presidential democracy
parliamentary democracy
In which form of government would the "will of the people" MOST likely be the rule of law?
autocracy
oligarchy
representative democracy
Which type of economic system does the government control what a factory produces and what price it will charge for those products?
mixed
market
command
traditional
What is one problem faced by a command economy?
Education is offered at no cost.
Food prices are set at a low level
The price of housing is set at a low level
Shortages of goods may occur if the government cannot predict what the people need
What types of activities are often a part of traditional economies?
farming, herding livestock, hunting and gathering
choosing careers, plantation farming, seeking new markets
building new factories, expanding farms, selling goods
What would be the MOST important factor in deciding what job you would do if you lived in a traditional economy?
how smart you were in school
the job your parents had
the types of factories in your area
careers that you were the most interested in
Which statement describes a part of a market economy?
All the stores in a country have prices set by the government.
People purchase a factory to build a new type of energy-saving car.
The government orders a factory to produce 100 more televisions a day
A farmer is given direction from the government about which crops to grow.
What is one problem of a market economy?
Prices for goods can get high very quickly if demand goes up but the supply does not change
The price of goods is set by the government, so people know exactly how much things will cost
People know that they will always have a job because the government owns all the businesses and farms
There can be shortages of goods if the government does not predict which goods will be needed by people.
Which is an example of specialization?
A business makes many different types of goods
A country buys all the goods it needs from other countries and does not produce any of its own
A factory focuses on producing one or two types of goods and leaves the production of other goods to other factories
A violin maker completes the process of making a violin from cutting a tree for wood to producing his own strings
Which type of trade barrier involves adding a special tax onto goods brought into the country?
tariff
quota
embargo
voluntary exchange
In order to help U.S. car companies sell more cars, some people want to put a limit on the number of cars that can be imported from other countries. This is an example of a(n)
tariff
quota
embargo
voluntary exchange
What is an advantage of specialization?
Factories cannot produce goods as quickly
Workers do not become experts in their jobs
A factory can produce more goods in less time and for less money
Businesses cannot sell as many types of goods when they specialize
What is the money people use in a country called?
trade
exchange
volunt
currency
What is one reason for people to exchange currency?
to make more meny by trading currency
most people want to use American dollars to trade
because different countries have different currencies
to buy and sell goods and services with other countries
The soil and water to grow the cotton used to make a T-shirt are examples of
entrepreneurs
capital resources
human resources
natural resources
Legislature is to parliament as president is to
dictator
monarch
patriarch
prime minister
In what way are the prime minister and the president alike?
The lawmaking body appoints them
They make the laws for their countries
They can dissolve the lawmaking body
They are in charge of the military and control the government
Because most economies have characteristics of both the command economy and the market economy, they are
free
closed
mixed
communist
Led by a king or queen.
Dictatorship
Monarchy
What does representative democracy mean?
A king and his family rule the country.
Nobody can choose their leaders.
The people vote for their leaders.
Existing leaders pass on their job to their family.
What is human capital?
a country's standard of living
the cash a business has to spend
investment in the workers of a business or country
the buildings, equipment, and property owned by a business
Which is an example of investing in capital goods by a company?
constructing a new factory
keeping old delivery trucks
training workers to do their jobs better
keeping old computers in order to save money
Australia operates in a market economy. It is considered one of the most free economies in the world. Businesses operate without too many rules from the government. People are free to start a business and can do so quickly.
In Australia, who decides which goods will be produced and sold?
citizens
the monarch
business owners
the prime minister
