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Building Block Unit Test Review (Focus - Economics) 2022
Test Description: Use these games to review for the economic portion of your building blocks test.
Instructions: Answer all questions to get your test result.
1) How are economic decisions made in a command economy?
A
Customs and habits such as bartering
B
Consumers and the market
C
Combination of all
D
By government leader/s such a a dictator
2) How are economic decisions made in a traditional economy?
A
Customs and habits such as bartering
B
Combination of all
C
Consumers and the market
D
By government leader/s such a a dictator
3) How are economic decisions made in a market economy?
A
Customs and habits such as bartering
B
The citizens with no government involvement
C
By government leader/s such a a dictator
D
Combination of all
4) Why are most modern economies referred to as a mixed economy?
A
Governments do not know how to handle problems
B
Most countries have aspects of both command and market economies
C
Products made by traditional economies have no place in the modern world
D
Poverty is always highest in countries with market economies
5) What is producing goods a country can make efficiently so they can trade them for goods made by other that cannot be produced locally?
A
Specialization
B
Embargo
C
Quota
D
Tariff
6) What is it when a country limits the imports into their country?
A
Specialization
B
Embargo
C
Quota
D
Tariff
7) When a country forbids (refuses) to trade with another country, what is this called?
A
Embargo
B
Quota
C
Tariff
D
Specialization
8) What is an fee on items imported into a country?
A
Embargo
B
Specialization
C
Quota
D
Tariff
9) Which of the following is NOT an example of a capital resource?
A
Machines
B
Tools
C
Factories
D
Workers
10) Which of the following is NOT an example of human resources?
A
Machinery
B
Training
C
Education
D
Skills
*select an answer for all questions
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