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Economics Review
Test Description: Reviewing economic terms and concepts
Instructions: Answer all questions to get your test result.
1) Which type of economic system has the government choosing everyone's job?
A
Market
B
Mixed
C
Traditional
D
Command
2) A market economy is based upon...
A
Trade and Money
B
Cost and Profit
C
Workers and Pay
D
Supply and Demand
3) Which is true about a Command economy?
A
People need to supply their own housing and education
B
You earn more money if you do a great job
C
The United States is an example
D
Everyone earns the same
4) Cuba, China, and North Korea all have...
A
No economy
B
A command economy
C
A market economy
D
A traditional economy
5) Which is true about traditional economies?
A
They are found in poor nations
B
People are quick to use new ideas and technology
C
Workers are urged to work quickly
D
China has one
6) Which economic system has people motivated by profit and competition?
A
Command
B
Market
C
They all do
D
Traditional
7) Most countries in the world have...
A
A market system
B
A traditional system
C
A command system
D
None of these
8) In which economy do people have the same jobs as their ancestors?
A
Command
B
Market
C
Traditional
D
None of these
9) Which is FALSE about a Mixed Economy?
A
You can mix command and traditional economies
B
It's not as common as plain market economies
C
You can mix traditional and market economies
D
You can mix command and market economies
10) Latitude measures how far from ____________________ you are.
A
The Prime Meridian
B
North America
C
The equator
D
The Atlantic Ocean
11) A ___________________ map highlights land features
A
Thematic
B
Physical
C
Political
D
Country
12) A relative location tells...
A
The lines of latitude and longitude
B
How far one place is from another
C
The exact coordinates
D
Which continent something is on
13) Lines of longitude run...
A
South and West
B
North and East
C
North and South
D
East and West
14) On a map, a ____________ tells you the distance one inch equals.
A
Compass Rose
B
Scale
C
Title
D
Key
15) Africa is bordered by these two oceans...
A
Atlantic and Pacific
B
Indian and Pacific
C
Pacific and Arctic
D
Atlantic and Indian
*select an answer for all questions
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