Which of the following represents an economy controlled exclusively by a country’s government?
A. market B. command
C. mixed D. traditional
B. command economy
100
Which statement about deforestation is true?
A. Deforestation is good for the soil
B. Deforestation cannot be reversed
C. Deforestation is helpful to native animal species
D. Deforestation can cause flash floods
D. Deforestation can cause flash floods
100
Why do some governments ignore industrial pollution of major rivers and waterways?
A. The people of most countries do not care about pollution.
B. They want the industries to be profitable.
C. Industries always have plans in place to clean up polluting wastes.
D. Most government officials do not recognize pollution as a problem.
B. They want the industries to be profitable.
100
A tax on imports
tariff
100
An economic system where decisions are based on traditions, beliefs, and way of life.
traditional economy
200
New technology, factories, and machinery are all
A. human capital B. natural resources
C. capital goods D. economic systems
C. capital goods
200
The BEST way to fight deforestation is
A. desertification B. protecting coastline
C. planting trees D. irrigation
C. planting trees
200
What brought money and corruption to Nigeria after independence?
A. tribal wars B. British settlers
C. Gold D. Oil
D. Oil
200
The value of a person's work. The skills and expertise a person brings to the workplace.
human capital
200
A limit on the amount of goods and services imported into a country
quota
300
An entrepreneur is
A. a head of state in control of resources
B. a dictator
C. person in charge of international trade
D. person who takes risks by starting a new business
D. person who takes risks by starting a new business
300
Which of the following are leading causes of deforestation:
A. Population growth B. Needs for fuel wood
C. Slash and burn farming D. All of the above
D. All of the above
300
What is the name of the virus that causes AIDS?
A. malaria B. malnutrition
C. HIV D. WHO
C. HIV
300
To completely stop trading with another country
embargo
300
The focus of one item or area for trade.
specialization
400
All of the following are examples of a market economy EXCEPT
A. anyone can start a business if they want to
B. companies control their own production
C. supply and demand determine prices
D. the state owns all farms, but farmers can rent the land
D. the state owns all farms, but farmers can rent the land
400
Which of the following is an effect of deforestation?
A. Soil erosion B. Destruction of animal habitat
C. Poor soil quality D. All of the above
D. All of the above
400
Which of the following strategies would MOST help in preventing the spread of HIV/AIDS in Africa?
A. more tourism B. education and prevention
C. fewer children D. fewer pets
B. education and prevention
400
Something naturally produced in the earth like oil or gold
natural resource
400
The value, expressed in dollars, of the total goods and services produced in a country for one year.
Gross Domestic Product
500
All of the following are examples of entrepreneurs EXCEPT
A. a restaurant owner B. a concert promoter
C. a military general D. a child with a lemonade stand
C. a military general
500
In spite of Nigeria’s large oil reserves, what hinders (holds back) Nigeria from becoming more economically developed?
A. Government corruption
B. Lack of usable drinking water
C. Desertification
D. Too much emphasis is placed on health concerns
A. Government corruption
500
Why is most rainforest area lost today?
A. Unchecked forest fires
B. Diseases that attack old growth trees
C. Logging for industry, farming, and fuel
D. Harsh drought and high winds
C. Logging for industry, farming, and fuel
500
Anything that makes trading difficult or impossible
trade barrier
500
All of the following are leading causes of desertification except:
A. Deforestation
B. Overgrazing
C. Too much rain
D. Over cropping and bad land management