Show:
Latin America & Canada
Europe
Australia
Benchmark 2013
Benchmark 2014
100
Which type of economy exists in Brazil? A. market economy B. command economy C. mixed economy D. traditional economy
What is C. mixed economy
100
With the end of the Soviet government, Russia has attempted to improve its economy by making it more of a A. traditional economy. B. command economy. C. market economy.
What is C market economy
100
Which type of investment most likely increases human capital? A. bonds B. education C. mutual funds D. property
What is B. education
100
A capitalist economy is very different from a communist economic system or a socialist economic system. Which of the following is found in a capitalist economy? A. free labor. B. free enterprise C. government control of agriculture
What is free enterprise
100
What was the Columbian Exchange? ***Double Jeopardy***
What is the moving of animals, plants people, and diseases from the Old World to the New World and from the New World to the Old World
200
The North American Free Trade Agreement (NAFTA) is an agreement that called off most tariffs (taxes on imported goods) on trades between three countries. These countries are the United States, Mexico, and A. Canada. B. Cuba. C. Guatemala.
What is A. Canada
200
From the mid-1800s to 1947, India was depended upon economically and ruled as a colony by (***Double Jeopardy***)
What is Great Britain
200
The mixed economy of Australia is becoming more of a market economy as fewer economic decisions are made by A. private industry. B. the military. C. the government.
What is C. the government.
200
Some businesses sell mostly goods. Other businesses sell mainly services. You look in the Yellow Pages of a telephone book and find the following business headings. Which heading would list businesses that are mostly selling goods? A. Pre-School Day Care Centers B. Air Conditioning Systems- Cleaning C. Automobile Dealers-New Cars. D. Aircraft Schools
What is C. Automobile Dealers-New Cars.
200
Which is economic system is LEAST likely to be found in Europe today? ***Double Jeopardy***
What is traditional economy
300
There is a high demand for South American products in China and other Asian countries. Because of this, the government of Chile believes that South American countries need to combine their exports in order to fulfill Asia's needs. In this case, the reason South American countries need to cooperate is because A. China and Asia compete with the exports of South American countries. B. the supply of the individual countries cannot meet the market's demand.
What is B. the supply of the individual countries cannot meet the market's demand.
300
In an effort to upgrade living standards in Russia, new investment has become a common instance. The Russian company Ava Peter Limited teamed up with the IFC, a World Bank member, to invest in health care in Russian providences. Investments nearing 12 million dollars will allow for construction of new medical facilities in St. Petersburg and Kazan that will improve the situations in Russia. The investment in health care described above is considered investment in A. human capital B. capital goods. C. financial capital.
What is C. human capital
300
Which resource is most impacted by capital investment? A. natural resources B. consumer goods C. capital goods
What is C. capital goods
300
Why might a country’s government decide to place high taxes on imported goods? A. to promote their sale. B. to generate more exports. C. to encourage people to buy goods produced in their own country. D. to help the economy of the country from which the goods came.
What is C. to encourage people to buy goods produced in their own country.
300
What is an advantage of a savings account over a checking account?
What is Savings accounts pay a higher rate of interest
400
How does a tortilla factory in Mexico decide how many tortillas to make?
What is It will make enough tortillas to meet the consumer demand.
400
The financial crisis of 2007-2008 impacted many industries. As a result of the economic hard times, German automakers applied for loans to help convert their production to environmentally-friendly cars. The German government worked with the manufacturers and made 1.6 billion euros available to use as loans. The use of these loans was important to the German auto industry. The investment in plants and factories described in the passage above is considered investment in A. human capital. B. capital goods. C. natural resources.
What is B. capital goods
400
In a command economy, which factor answers the question of what to produce?
What is government decisions
400
Based on the economic theory of supply and demand, which of the following statements is correct? ***When the supply of a product goes up,
What is its price will go down.
400
Types of Economies Command Economy Market Economy Cuba Venezuela Brazil Canada 45. Which country has an economic system closest to a pure market economy? A. Cuba B. Canada
What is Canada
500
Latin America. . . is one of the regions of the world with the greatest inequality. . . . Latin America is highly unequal with respect to incomes and also exhibits unequal access to education, health, water, and electricity, as well as huge disparities in voice, assets, and opportunities. —David de Ferranti, 2003***** In this case, how does unequal distribution of resources contribute to poverty?
What is People who do not have access to basic needs and education cannot get good jobs.
500
One barrier to trade between the United Kingdom and other countries within the European Union (EU) is that the United Kingdom
What is does not use the euro
500
Which condition helps Australia have a strong market economy?
What is The courts are fair and honest, and there are good laws
500
Why would one country place an embargo another? Political differences or Lack of transportation
What is Political differences
500
European countries tend to have many talented entrepreneurs, meaning that they have
What is people willing to combine resources an take risks to develop new products