WorksheetsBenchmark 2 Quiz
Total questions: 47
Worksheet time: 23mins
Which country is located at point B on the map?
Brazil
Cuba
Ecuador
Panama
Which is the MOST appropriate title for the chart?
Goals of the United Nations
Goals of the European Union
Goals of the League of Nations
Goals of the Commonwealth of Nations
What factor MOST LIKELY influenced the entrepreneur’s decision to start her business in Germany rather than Russia?
Germany’s economic system has more regulations than Russia’s system.
Germany’s economic system is more market-leaning than Russia’s system.
Germany’s economic system has more specialization than Russia’s system.
Germany’s economic system has a higher standard of living than Russia’s system.
Which problem is considered to be the WORST problem faced by entrepreneurs in Russia?
The standard of living makes it hard to start a business.
No one in Russia can buy products because they are poor.
The court system does not protect property owners in Russia.
It takes a very long time to obtain the proper permission needed to start a business.
Which is the MAIN cause of Mexico City's air pollution?
low elevation
overpopulation
vehicle exhaust
factory pollution
Which is a way that entrepreneurs could increase Russia’s gross domestic product?
They can create more jobs.
They can help write laws to protect business owners.
They can work to make certain trade occurs with other countries.
They can help import natural resources needed for businesses.
Where is Chile located on the map?
Location A
Location B
Location C
Location D
Why does a company in France that exports goods to the United States need a foreign currency exchange system?
to convert the price of its goods from euros to dollars
to pay for trade barriers in the United States
to buy the raw materials to make the goods
to pay the French government taxes
In Russia, which solution would be the BEST to increase the gross domestic product?
Russia should stop taxing businesses for educational revenue.
Russia should not provide any money to improve technology for factories.
Russia should establish vocational schools and universities to train its workforce.
Russia should assign citizens a specific job instead of allowing citizens to choose a job.
Where is Brazil located on the map?
Location A
Location B
Location C
Location D
Which of the following is an example of a tariff?
In Russia, the government places a tax on imported food so that farmers in Russia can sell more.
The United Kingdom stops trading with Russia because Russia raised prices on steel.
The European Union creates a free-trade zone so that goods can be bought at lower prices.
Prices are lowered on steel in Russia to keep consumers from buying it from another country at a cheaper price.
A German newspaper reported that the government is offering tax incentives to German manufacturing plants who agree to update their machinery and technology. The Chancellor stated that these upgrades would benefit the German economy. What conclusion can be drawn from the government’s proposal?
An investment in capital goods will increase the gross domestic product.
Refusing to trade with other European countries will help to strengthen the economy.
Developing skilled, properly trained workers will help build international trade agreements.
Ensuring better educational opportunities for German citizens will increase the unemployment rate.
Which of the following is located at point B on the map?
Amazon Rainforest
Andes Mountains
Atacama Desert
Panama Canal
Which factor MOST impacts the deforestation of the Amazon region of Brazil?
railroads
urbanization
vehicle exhaust
petroleum industry
Why is it important for countries in Europe to specialize?
to trade based on each country’s resources
to limit trade and keep prices down for consumers
to keep other countries from getting their resources
to put pressure on other countries to trade their products
Which country is identified by the X on the map?
Brazil
Colombia
Mexico
Venezuela
Which is a result of Russia’s failure to invest in capital goods?
Russia has a low literacy rate.
Russia has a high standard of living.
Russia’s highways and buildings are in need of repair.
Russia has many workers who are not productive, educated, or healthy.
Which of the following would be the BEST way to stop China from shipping too many cars to the United Kingdom?
The government could place an embargo against China.
The government could place a tariff on cars being imported from China.
The government could place a quota on cars being imported from China.
The government could open areas of the United Kingdom to create free trade zones.
How does entrepreneurship affect the United Kingdom’s global economy?
Entrepreneurs increase business activity and therefore increase economic growth.
Entrepreneurs decrease economic activity and therefore decrease economic growth.
Entrepreneurs increase government activity and therefore increase economic growth.
Entrepreneurs decrease government activity and therefore decrease economic growth.
Where is Colombia located on the map?
Location 1
Location 2
Location 3
Location 4
Almost 80% of all Brazilians live within 200 miles of the Atlantic Ocean. Which statement about the population distribution of Brazil is TRUE?
Most people live in or around the national capital which is along the coastline.
Because of the frequency of tropical storms in the Atlantic Ocean, most people live near the coastline.
Most people live near the coastline because of the tourism industry and to easily import and export goods.
Because of the abundance of natural resources provided by the Amazon Rain Forest, most people live near the coastline.
What is one way that literacy rate affects economic development?
Enhances agricultural techniques
Improves skills of the workforce
Increases import tariffs
Reduces technological innovation
Lily, James, and Nora are discussing the importance of literacy in assessing economic development. Why do they think literacy is an important factor?
It directly increases a country's GDP.
It improves life expectancy.
It enhances the quality of life and workforce skills.
It is a measure of government stability.
What do tariffs and quotas have in common?
They both limit trade.
They both eliminate trade.
They both encourage trade.
They both provide payment for trade.
Which statement BEST explains the importance of natural resources to the economy of the United Kingdom?
The United Kingdom can trade and sell their natural resources to other countries.
The United Kingdom needs to import most of its natural resources from other countries.
The United Kingdom has fewer natural resources than most countries because it is an island.
The United Kingdom’s dry climate results in an abundance of oil used in international trade.
Why do many member nations of the European Union use the euro?
to make trade between member nations easier
to allow member nations to pay labor resources
to reduce trade barriers with non-member nations
to increase democratic control for member nations
Which statement is TRUE regarding the impact of trade barriers on European countries?
Trade barriers decrease the price on imported goods.
Trade barriers protect domestic industries from foreign competition.
Trade barriers allow for more choice and variety in goods and services.
Trade barriers encourage consumers to buy products from foreign countries.
Why was the European Union created?
to isolate Russia and make its economy crash
to make the Euro the best currency for exchange rates
to create a way for Russia and Europe to trade with other countries
to help smaller European countries become more competitive in the world market
Which statement offers the BEST support for Russia's command economy model?
Property rights are protected by laws and a good court system.
Prices of goods and services are based upon supply and demand.
The government owns large industries such as shipping, oil and natural gas, and space technology.
Private citizens and corporations have some regulation by the government on how goods and services will be produced.
Which economic system is most similar to what is utilized in the United Kingdom?
command
communism
market
traditional
Based on the current industries, what conclusion can be made about investing in capital goods based on the information?
Germany and Russia should invest in the development of the transportation industry to increase the GDP of their countries.
Germany and Russia would benefit the most from investing in the latest mining technology since that is not a strong part of the economy in either country.
Russia would benefit most from investing in construction of new hotels and restaurants to increase the income from tourism, but Germany's tourism industry is already strong so it does not need to invest in it.
Russia would benefit from the latest agricultural equipment to improve the agricultural part of its economy, which is weak and needs improvement.
Why is it important for countries in Europe to specialize?
to limit trade and raise prices for consumers
to pressure other countries to buy their products
to make the best use of each country’s resources
to keep other countries from using their resources
Which reason states why most economies in Europe are mixed instead of pure market?
In a pure market economy, the government controls everything, so it is very easy to open businesses.
In a pure market economy, the government does not make a lot of laws, so it is easy to open a business.
In a mixed economy, the government sets rules to protect buyers and sellers, and it allows for some freedoms.
In a mixed economy, the government does not make any laws, so business owners have a lot of advantages.
Which statement explains why citizens in most of Europe would not want to live and work in a pure market economy?
The government has more control in a pure market economy.
The government does not have any control in a pure market economy.
The government cannot control prices for goods and services in pure market economies.
The government cannot reduce the freedoms the businesses have in a command economy.
Which statement is TRUE based on the economic continuum diagram?
Country A allows more competition than Country D.
Country B has more government control than Country C.
Country D depends on supply and demand more than Country A.
Country C allows more economic decisions to be made by buyers and sellers than Country B.
Which of these MOST LIKELY occurs based on the information in the table?
Germany exports cars, and Russia exports natural gas.
Germany imports cars, and Russia imports natural gas.
Germany uses human capital, and Russia uses capital goods.
Germany encourages entrepreneurship, and Russia encourages a high literacy rate.
What is the primary characteristic of a command economy?
Decisions are made by buyers and sellers.
Government makes most economic decisions.
Competition drives the economy.
Supply and demand determine prices.
Which type of economy in Russia makes it MOST difficult to own a small business?
command
market
mixed
traditional
Which statement BEST describes why approximately 20% of Mexico’s population lives in Mexico City?
Mexico City is located in the coolest and driest climate zone providing arid land.
Mexico City is located on the Yucatan Peninsula which attracts tourists from all over the world.
Mexico City is located near the border of the United States making it easier to trade with the United States.
Mexico City is located on the Central Plateau which contains the majority of Mexico’s agricultural and mineral wealth.
Almost 80% of all Brazilians live less than 200 miles from the coastline of the Atlantic Ocean. Which statement about the population distribution of Brazil is TRUE?
Most people live near the coastline to easily import and export goods.
Most people live in or around the national capital which is along the coastline.
Because of the abundance of natural resources, most people live near the Amazon Rainforest.
Because of the frequency of tropical storms in the Atlantic Ocean, most people live near the coastline.
What feature is located at point C on the map?
Amazon Rainforest
Andes Mountains
Panama Canal
Sierra Madre Mountains
Carlos is planning an extended hiking trip from El Paso, TX, through Mexico, to the Panama Canal. Which geographical feature will Carlos hike across before arriving at his final destination?
the Andes
the Sierra Madre
the Gulf of Mexico
the Atacama Desert
Where is the Pacific Ocean located on the map?
Location A
Location B
Location C
Location D
Which TWO statements explain how Cuba's climate and location affect the trade of its natural resources?
Because Cuba endures frequent hurricanes, the coffee industry has declined greatly.
Because of its proximity to Florida, Cuba has favored trade status with the United States.
Because the climate is subtropical, Cuba grows a sizable amount of sugar cane for export.
Because of overfishing and rising water temperatures, Cuba's commercial fishing industry cannot maintain its former success.
Because of the oppressive heat, rice farmers in Cuba can only grow enough to feed their families and can no longer sell their crop.
What is true based off of this chart?
A. Most of the population in South America lives in rural areas.
B. Most people in South America live in Brazil.
C. Most people in South America live in Bolivia.
D. Most of the population in South America lives in urban areas.
