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