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Unit 1 Vocabulary - Economy, Government
Test Description: Culture, Geography, Economy, Government
Instructions: Answer all questions to get your test result.
1) Type of government where, through law, some control is placed on leadership's powers.
A
Limited Government
B
Unlimited Government
C
Communism
D
Socialism
2) Government in which leaders rule without any restrictions.
A
Democracy
B
Limited Government
C
Free Enterprise
D
Unlimited Government
3) the management of the resources of a community, country, etc., especially with a view to its productivity. The way an economic system of a country is arranged
A
Geography
B
Debt
C
Income
D
Economy
4) an economic system in which the government makes decisions about what to produce
A
Traditional Economy
B
Free Enterprise System
C
Mixed Economy
D
Command Economy
5) an economic system in which both the government and individuals play important roles about what to produce
A
Traditional Economy
B
Command Economy
C
Free Enterprise System
D
Mixed Economy
6) economic system that operates on free competition, in which people start and own businesses with limited government intervention. Market Economy - economy driven by forces including competition, supply, and demand
A
Free Enterprise System
B
Command Economy
C
Traditional Economy
D
Mixed Economy
7) people do the same job that their parents did. Many people are simple farmers who grow just enough food to feed their families and most communities make what they need locally
A
Mixed Economy
B
Command Economy
C
Free Enterprise System
D
Traditional Economy
8) Money owed by a nation's government
A
GDP
B
Personal Debt
C
National Debt
D
National Income
9) development of a world culture and interdependent world economy
A
Globalization
B
Scarcity
C
Cultural Diffusion
D
Cultural Borrowing
10) industry that provides services like banking, education, and tourism to people rather than producing goods
A
Globalization
B
GDP
C
Service Industry
D
Manufacturing
*select an answer for all questions
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