M/C
Which country did the United States have a trade embargo against starting in the early 1960s?
a. Cuba
b. Ecudor
c. Japan
a. Cuba
Why is a profit motive important in many economies?
a. people would not use coupons without it
b. businesses could not advertise without it
c. people would not start businesses without it.
c. people would not start businesses without it
Why must governments ensure that corporate taxes are not too high?
a. public services will suffer
b. businesses will not make a profit
c. the government cannot invest in education
b. businesses will not make a profit
Why might a person who plans to buy a car in nine months choose to invest in a certificate of deposit (CD)?
a. CDs offer a better rate of return than stocks
b. CDs offer a better interest rate than savings accounts
c. customers can cash their CD at any time when they find a good car deal
b. CDs offer a better rate of return than savings accounts
Which of the following has helped increase globalization? (Select 3)
warfare
airplanes
the Internet
communism
trade embargoes
telecommunications
airplanes, the internet, and telecommunications
How can customers feel certain that their money stored in U.S. banks is safe?
a. Money deposits are insured
b. Many banks have good security systems
c. It is very difficult to steal money from banks
a. Money deposits are insured
What is raw materials needed to produce good called?
a. labor
b. natural resources
c. capital
b. natural resources
A grocer sells cheese in a market is this type of industry..
a. tertiary
b. quarternary
c. primary
a. tertiary
Which of the following scenarios accurately illustrates the concept of economic interdependence?
a. an entrepreneur decides to open a bakery and produces bread for the neighborhood
b. good rainfall allows a farmer to produce more strawberries and he chooses to expand his business
c. Japan lacks iron to make steel, so Japan enters into a trading relationship with Australia and Brazil, who supply Japan with iron ore.
c. Japan lacks iron to make steel, so japan enters into a trading relationship with Australia and Brazil, who Japan with iron ore.
Which investment option would fall on the upper right portion of the graph? (look at question 7.)
a. stocks
b. savings account
c. certificates of deposit
a. stocks
Name the type of economy next to the country.. Taiwan
a. capitalist
b. communist
c. socialist
a. capitalist
What is human time, effort, skills, and talent needed to produce goods called?
A. natural resources
b. labor
c. financial capital
a. tertiary
b. quarternary
c. primary
b. quarternary
Name the organization...works with nations to decrease embargoes, taxes, and quotas.
a. World Trade Organization
b. International Monetary Fund
c. World Bank
a. World Trade Organization
What was the video called that I assigned during virtual days?
a. social studies digest
b. good morning America
c. Globalization explained
c. Globalization explained
Name the type of economy next to the country..
Sweden
a. capitalist
b. communist
c. socialist
c. socialist
What is money that a business uses to buy the items needed for the business to function called?
a. natural resources
b. labor
c. financial capital
c. financial capital
A farmer sells milk produced from diary cows is called this..
a. tertiary
b. primary
c. secondary
b. primary
Name the organization.. offers emergency loans to countries with unstable economies.
a. WTO
b. IMF
c. World Bank
b. International Monetary Fund
Which team will the Okemah Panthers play in the regional finals tomorrow?
a. Pawnee
b. Latta
c. Dale
c. Dale
Name the type of economy next to the country..China
a. capitalist
b. communist
c. socialist
b. communist
What is items such as tools, machines, factories, and office equipment needed for a business to function called?
a. natural resources
b. labor
c. capital
c. capital
Cheese makers use milk from dairy cows to produce cheese is called this type of industry.
a. tertiary
b. primary
c. secondary
c. secondary
Name the organization.. provides loans for large projects, like building schools, in developing countries.
a. WTO
b. IMF
c. World Bank
c. World Bank
Springbreak starts on what day?
a. March 12th
b. March 11th
c. March 10th
b. March 11th