Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Economy And Globalization
Test Description: About economy and globalization
Instructions: Answer all questions to get your test result.
1) Which is a central characteristic of a free market economy?
A
labor unions are prohibited
B
all wage earners are paid the same amount
C
businesses are driven by the desire for profits
D
the government owns the means of production
2) In which economic system would you expect the widest selection of consumer goods?
A
socialist
B
communist
C
free enterprise
D
tradtional
3) In a traditional economy, information about the ways goods are produced is passed from one generation to the next by
A
government
B
family
C
legal system
D
public schools
4) Which is a major feature of an economy based on subsistence agriculture?
A
most adults work outside the home
B
farmers compete with each other
C
the government decides which crops will be grown
D
farmers raise just enough crops for their own family
5) Which group has the greatest influence in deciding which goods and services will be produced in a communist economy?
A
farmers
B
business leaders
C
government officials
D
consumers
6) An essential characteristic of a communist economy is the
A
privatization of business
B
interaction of supply and demand
C
government ownership of property
D
organization of worker unions
7) Economic development refers to
A
How many jobs a nation has
B
the number of baby's that die each year in a nation
C
The size of a nation's population
D
how advanced an economy is
8) A more developed nation will have all of the following except
A
a low GDP per Capita
B
high literacy rate
C
low infant mortality rate
D
long life expectancy
9) In a less developed nation you will find mostly
A
subsistence agriculture
B
tertiary activities
C
CEO's of major companies
D
commerical agriculture
10) All of the following are examples of primary industries except
A
Agriculture in the Midwest US
B
Fishing in the Pacific
C
Drilling for oil in the Middle East
D
Canning factory in the US
11) Which of the following is an example of a secondary industry?
A
A comapny manager keeping records of store sales
B
Pencils being made in a factory
C
Fish being caught in the Atlantic
D
A teacher teching a class
12) Which type of economic activity would most likely be found in a newly industrialized country with commerical industry?
A
primary
B
quaternary
C
secondary
D
tertiary
13) Which is a charcteristic of a less developed nation?
A
high literacy rate
B
high infant mortality rate
C
long life expectancy
D
high GDP per Capita
14) Globalization is
A
a trend in the stock market
B
the creation of a new economic activity
C
the creation of a single global economy and community
D
the development of new class systems
15) Natural resources include all of the following except
A
trees
B
population
C
water
D
fish
16) Infrastructure includes all except
A
population and natural resources
B
bridges and roads
C
communication lines and factories
D
building and trains
17) The problem of scarcity is
A
the development of new ideas
B
people have unlimited resources and limited wants
C
not a problem more developed nations face
D
people having unlimited wants and limited resources
18) Which economic system allows people more freedom and choice?
A
free enterprise
B
communist
C
traditional
D
socialist
19) Supply refers to
A
the amount people want it
B
how much of a good producers have made
C
how much buyers desire a good
D
how many factories are located in a nation
20) Demand refers to
A
how much of a good producers have made
B
how many factories are located in a nation
C
how many stores a nation has
D
how much consumers are willing to buy
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?