Autocracy and Democracy
Which form of government would have the MOST amount of citizen participation?
A) a democracy B) an oligarchy
C) an autocracy D) a confederation
A) a democracy
In a Presidential Democracy, do the voters vote for the Chief Executive, the Legislature, or Both?
Both
We can tell one economic system from another by answering what questions about a country’s economy?
A. What to produce? Why to produce? When to produce?
B. What is the opportunity cost? What economic resources are needed? Why should these resources be used?
C. What to produce? How to produce? For whom to produce?
D. Who are the producers? Who are the consumers? What is the currency exchange Rate?
C. What to produce? How to produce? For whom to produce?
Which is an example of a human resource?
Tractor
Computer
Doctor
Cash register
Doctor
The United States place a 10% tax on all imported goods coming from Mexico. What type of trade barrier is this displaying?
Quota
Tariff
Embargo
Physical trade barrier
Tariff
What is an important way citizens of a democratic nation can influence the government?
A. working B. obeying laws
C. consuming goods D. voting
D. voting
In a Parliamentary Democracy, do the voters vote for the Chief Executive, the Legislature, or Both?
the Legislature
System of trade in a Traditional economy is called....
bartering
Which of the following shows an investment in human capital?
A. Home Depot hires new workers for its stores.
B. Janay fills out an application for a job as a teacher.
C. The city of Savannah tears down abandoned buildings.
D. Farmers Furniture trains its employees to use iPads.
D. Farmers Furniture trains its employees to use iPads.
What is the BEST definition of an embargo?
A) prohibiting of trade between countries
B) an increase in exports from select countries
C) a situation of freely traded goods and services
D) the amount that can be legally imported into a country
A) prohibiting of trade between countries
How might the form of government affect the role of the citizen in Cuba?
A) Cuba has a dictatorship, which limits the voting rights of the citizens.
B) Cuba has a dictatorship, which allows for greater voting rights of the citizens.
C) Cuba has a federal-republican system, which limits the voting rights of the citizens.
D) Cuba has a federal-republican system, which allows for greater voting rights of the Citizens.
A) Cuba has a dictatorship, which limits the voting rights of the citizens.
A key difference between a parliamentary democracy and a presidential democracy is that:
A. the president helps make the laws, the prime minister does not.
B. the people vote for the prime minister, but the legislature chooses the president.
C. the prime minister is a member of the legislature, but the president is not.
D. a prime minister's power is separate from the legislature, but a president's power is not.
C. the prime minister is a member of the legislature, but the president is not.
Which of the following explains how countries with mixed economies work?
A. A country’s distribution of resources is based on inheritance in a mixed economy.
B. Prices and wages are solely regulated by a country’s government in a mixed economy.
C. Mixed economies have a combination of privately-owned industry and government control.
D. In mixed economies, prices and wages are determined by the laws of supply and demand rather than being regulated by a country’s government.
C. Mixed economies have a combination of privately-owned industry and government control.
Countries that invest more in human capital usually have higher GDP rates than countries that do NOT because
A) population rates and family size is larger so they have more workers.
B) people are expected to purchase stocks and bonds for the company they work for.
C) more money is spent on education and training so people produce more and make a higher wage.
D) more money is spent in only using human intelligence and technology and computers are limited.
C) more money is spent on education and training so people produce more and make a higher wage.
Based on the Literacy Rate figures, which nation would be MOST likely to have the LOWEST standard of living?
A) Brazil-86.9% B) Uruguay-97.6%
C) Ecuador-91.6% D) Nicaragua-66.5%
D) Nicaragua-66.5%
Which form of government would have the LEAST amount of citizen participation?
A) a democracy B) an oligarchy
C) an autocracy D) a confederation
C) an autocracy
Which form of Democracy is known for its system of checks and balances?
Presidential
What is the most important difference between traditional economic systems and a market or command economy?
A. Traditional economies do not have producers or consumers.
B. Traditional economies do not use currency because they trade or barter to get their needs met.
C. In traditional economies, all people are equally wealthy.
D. In traditional economies, there is no need for specialization because all community members are able to get their own needs met.
B. Traditional economies do not use currency because they trade or barter to get their needs met.
What is the role of entrepreneurship in a society?
A. Entrepreneurs invest their money in creating businesses that hire people and put more money into the economy.
B. Entrepreneurs are important because they help write laws to increase the value of personal property.
C. Having many entrepreneurs increases the value of a country’s currency.
D. Having entrepreneurs increases a country’s agricultural output.
A. Entrepreneurs invest their money in creating businesses that hire people and put more money into the economy.
What is the strongest relationship between standard of living and literacy rate?
A. People that are literate generally get higher paying jobs
B. People that are literate contribute to the decline of an economy
C. People that are literate make a country’s GDP decline.
D. There is no relationship between standard of living and literacy rate.
A. People that are literate generally get higher paying jobs
In which type of economic system do entrepreneurs have the MOST freedom to start new businesses?
A. pure command economy B. traditional
C. pure market economy D. mixed
C. pure market economy
Draw the Parliamentary System on the Marker board
Voters-->Legislature-->Chief Executive
Name one country that is mostly Command and one country that is mostly Market
Examples Vary
Which of these terms is the BEST synonym for the word "entrepreneur"?
A) "business owner" B) "home owner"
C) "employee" D) "student"
A) "business owner"
What is the best example of specialization?
A. Germany discovered coal reserves (natural resources), which is sent to coal refinement factories (capital goods)
B. Germany discovered a small strawberry patch where they sell at only a few local markets
C. Russia discovered an abundance or oranges but they do not sell or trade these oranges
D. Russia discovered an abundance of salt water but there is no market or need for this water anywhere in the world.
A. Germany discovered coal reserves (natural resources), which is sent to coal refinement factories (capital goods)