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Government And Economy Unit Study Guide
Test Description: These questions will be on the unit test
Instructions: Answer all questions to get your test result.
1) United States has had an embargo on trade with Communist?
A
Russia
B
Australia
C
India
D
Cuba
2) ____________ was increased by improvements in transportation, communication, and the internet.
A
Banks
B
Interest Rate
C
Profit
D
Globalization
3) CDs or Certificates of deposit offers better __________ _______________than savings accounts.
A
Interest rate
B
Profit
C
Banks
D
Globalization
4) ______ are the safest places where people can store money, where it will be insured against theft and other loss.
A
Globalization
B
Interest rate
C
Profit
D
Banks
5) Governments must make sure that taxes are not too high, so businesses can make a?
A
Profit
B
Labor
C
Interest rate
D
Banks
6) ______ and ______ have a socialist economy.
A
United States and Mexico
B
Georgia and Russia
C
Sweden and India
D
China and Russia
7) In a communist economy, the _________ controls lol the factors of production.
A
Government
B
People
C
Elderly
D
Business
8) in a Capitalist economy, individuals and businesses own the ___________.
A
Profit
B
Factors of production
C
Banks
D
Interest rate
9) ________ borders are straight lines based on lines of latitude or longitude.
A
Geometric
B
Cultural
C
Human
D
Sovereign
10) _____________ is used to prevent was, solve problems, and open communication between countries.
A
Sovereign nation
B
National interest
C
Diplomacy
D
Foreign policy
11) The purpose of the United Nations is to promote?
A
Peace and Security
B
Poor and Rich
C
Quiet and loudness
D
War and Violence
12) Who is the leader of North Korea
A
Kim Jong-un
B
Mao Zedong
C
Adolf Hitler
D
Joseph Stalin
13) Who is the leader of China
A
Adolf Hitler
B
Kim Jong-un
C
Joseph Stalin
D
Mao Zedong
14) In wartime, Americans are required to serve in the military, known as?
A
Draft
B
Profit
C
Jury Duty
D
Sovereign Nation
15) _________ ____________ in the United States should be conducted peacefully, respectfully, and tolerant of others rights and liberties.
A
Paying Taxes
B
Civic Participation
C
Jury Duty
D
Voting
16) _________ _______ is important in many economies, because people would not start businesses without it.
A
Voting
B
Natural Resources
C
Production
D
Profit Incentives
17) ________ __________ are raw materials needed to produce goods.
A
Paying Taxes
B
Civic Participation
C
Natural Resources
D
Profit incentives
18) Financial capital is the money a business uses to buy the tools and equipment, or capital goods they use in ________.
A
Production
B
Profit
C
Natural Resources
D
Labor
19) __________ is the human time, effort, skills, and talent needed to produce goods ad services.
A
Production
B
Labor
C
Natural Resources
D
Profit
20) Capital is the goods used to make other ________ and __________.
A
Goods, Services
B
Production, Profit
C
Profit, Labor
D
Draft, Jury Duty
*select an answer for all questions
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