Building Block Unit Test Review (Focus - Economics) 2022 Question Preview (ID: 52286)


Use These Games To Review For The Economic Portion Of Your Building Blocks Test. TEACHERS: click here for quick copy question ID numbers.

How are economic decisions made in a command economy?
a) Customs and habits such as bartering
b) By government leader/s such a a dictator
c) Consumers and the market
d) Combination of all

How are economic decisions made in a traditional economy?
a) Customs and habits such as bartering
b) By government leader/s such a a dictator
c) Consumers and the market
d) Combination of all

How are economic decisions made in a market economy?
a) Customs and habits such as bartering
b) By government leader/s such a a dictator
c) The citizens with no government involvement
d) Combination of all

Why are most modern economies referred to as a mixed economy?
a) Poverty is always highest in countries with market economies
b) Governments do not know how to handle problems
c) Products made by traditional economies have no place in the modern world
d) Most countries have aspects of both command and market economies

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) Quota
b) Embargo
c) Tariff
d) Specialization

What is it when a country limits the imports into their country?
a) Quota
b) Embargo
c) Tariff
d) Specialization

When a country forbids (refuses) to trade with another country, what is this called?
a) Quota
b) Tariff
c) Embargo
d) Specialization

What is an fee on items imported into a country?
a) Quota
b) Embargo
c) Tariff
d) Specialization

Which of the following is NOT an example of a capital resource?
a) Factories
b) Machines
c) Workers
d) Tools

Which of the following is NOT an example of human resources?
a) Skills
b) Education
c) Machinery
d) Training

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