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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
Command
B
Traditional
C
Mixed
D
Market
2) A market economy is based upon...
A
Supply and Demand
B
Trade and Money
C
Cost and Profit
D
Workers and Pay
3) Which is true about a Command economy?
A
Everyone earns the same
B
The United States is an example
C
You earn more money if you do a great job
D
People need to supply their own housing and education
4) Cuba, China, and North Korea all have...
A
No economy
B
A traditional economy
C
A command economy
D
A market economy
5) Which is true about traditional economies?
A
People are quick to use new ideas and technology
B
They are found in poor nations
C
Workers are urged to work quickly
D
China has one
6) Which economic system has people motivated by profit and competition?
A
They all do
B
Traditional
C
Market
D
Command
7) Most countries in the world have...
A
A market system
B
A traditional system
C
None of these
D
A command system
8) In which economy do people have the same jobs as their ancestors?
A
None of these
B
Market
C
Traditional
D
Command
9) Which is FALSE about a Mixed Economy?
A
You can mix command and market 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 traditional economies
10) Latitude measures how far from ____________________ you are.
A
North America
B
The Prime Meridian
C
The equator
D
The Atlantic Ocean
11) A ___________________ map highlights land features
A
Physical
B
Country
C
Political
D
Thematic
12) A relative location tells...
A
The lines of latitude and longitude
B
Which continent something is on
C
The exact coordinates
D
How far one place is from another
13) Lines of longitude run...
A
East and West
B
South and West
C
North and South
D
North and East
14) On a map, a ____________ tells you the distance one inch equals.
A
Key
B
Scale
C
Compass Rose
D
Title
15) Africa is bordered by these two oceans...
A
Atlantic and Indian
B
Atlantic and Pacific
C
Pacific and Arctic
D
Indian and Pacific
*select an answer for all questions
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