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Final Exam Review
Test Description: 2014 Spring
Instructions: Answer all questions to get your test result.
1) The number limit on how many items of a particular product can be imported from a particular country is ___.
A
quota
B
embargo
C
tariff
D
import
2) The economic system of communist countries is most closely related to which of the following:
A
market system
B
command system
C
traditional system
D
capitalism
3) Which is an example of human capital?
A
education
B
roads
C
machinery
D
factories
4) NAFTA is an example of which pattern of behavior between countries?
A
putting trade embargos
B
forming trade agreements
C
imposing trade tarrifs
D
establishing trade quotas
5) Most democratic nations have what type of economy?
A
market
B
command
C
mixed
D
traditional
6) Which is a lack of particular resource?
A
supply
B
scarcity
C
demand
D
surplus
7) Which of the following would reflect a country with a mixed economy?
A
Bartering between cities is a common practice.
B
Prices and wages are solely regulated by a country’s government.
C
A combination of privately-owned industry and government control.
D
A country’s distribution of resources is based on inheritance
8) What type of government is ruled by a few people?
A
dictatorship
B
oligarchy
C
autocracy
D
democracy
9) Which is NOT an economic trade barrier
A
tariff
B
quota
C
mountain
D
embargo
10) You live in a large country that has many states. The government’s power is divided between a central /national government and the state/local governments. Which term best describes the type of government system you have?
A
unitary
B
communist
C
federal
D
oligarchy
11) Communism is based on the teachings of
A
Plato
B
Karl Marx
C
John Locke
D
Adolf Hitler
12) Panama is a
A
peninsula
B
canal
C
tributary
D
isthmus
13) Most Latin American cultures are a mix of European and _________ cultures
A
Asian
B
Canadian
C
Australian
D
Native American
14) Aborigines share stories of creation. They call this time the
A
Spirit Time
B
Dreamitme
C
Uluru
D
Holy Time
15) Subsistence farmers rely on bartering goods in Mexico. What is this economic system called?
A
command
B
traditional
C
mixed
D
free market
16) Brazil is investing in education. This is an example of
A
human capital
B
specialization
C
capital goods
D
products
17) Miguel Hidalgo was known as the father of independence of
A
Mexico
B
Bolivia
C
Cuba
D
Peru
18) What did Toussaint L'ouverture want to achieve?
A
a meeting with the French government in France to work on better working conditions
B
improved production of sugar cane plantations
C
freedom for slaves
D
control of the French, Spanish and British armies
19) What is a mixture of Native American and European decent?
A
Caucasian
B
Native American
C
Spanish
D
Mestizo
20) Where did Aborigines originate from?
A
North America
B
Asia
C
Europe
D
New Zealand
*select an answer for all questions
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