1st 9 Week Final Exam Review Question Preview (ID: 52953)
Europe Map, Economics Government.
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Which area of Russia has the highest population?
a) West of the Ural Mountains (European Side)
b) East of the Ural Mountains (Asian Side)
c)
d)
What geographic feature makes it difficult for Italian merchants to trade with countries NORTH of Italy?
a) Ural Mountains
b) Alps
c) Pyrenees Mountains
d) Rhine River
In Italy, what physical feature has HELPED Italian merchants become successful traders?
a) Iberian Peninsula
b) European Plain
c) English Channel
d) Mediterranean Sea
Why is it important for a country to invest in human capital?
a) Because businesses are more successful when workers are better trained and have healthcare
b) Because literacy rate will decrease, which is very beneficial
c) Because improving buildings and technology is beneficial
d) Because investing in human capital will decrease/lower the country's GDP
If a country does NOT invest in human capital, how can it affect its GDP?
a) The GDP will increase
b) The GDP will decrease
c) The GDP will not be impacted
d)
A country with crumbling bridges and damaged roads is lacking investment in
a) Capital
b) Human Capital
c) Natural Resources
d) Entrepreneurship
The four factors of production are capital, human capital, entrepreneurship, and ___________
a) Specialization
b) Supply and Demand
c) Natural Resources
d) Economic Systems
Which of the following economic systems is NOT a part of the economic continuum?
a) Traditional
b) Command
c) Market
d) Mixed
When a country educates and trains its people, it is investing in___________
a) Human Capital
b) Capital
c) Entrepreneuership
d) Natural Resources
An economy that is a blend between a command economy and a mixed economy is called what?
a) Traditional
b) Command
c) Market
d) Mixed
When one person has complete control in a government, what type of government is it?
a) Autocracy
b) Oligarchy
c) Democracy
d) Monarchy
In a Parliamentary Democracy, who elects the Prime Minister?
a) The citizens
b) The monarch
c) The Parliament (legislature)
d)
In a Presidential Democracy, who elects the president?
a) Citizens
b) Parliament
c) Monarch
d)
What is the best way citizens of a country can impact their government?
a) Voting
b) Researching
c) Doing nothing
d)
If a country's economy is controlled heavily by the government, what type of economy is it closer to on the economic continuum?
a) Traditional
b) Command
c) Market
d) Mixed
What is a figurehead/ceremonial leader?
a) The leader of a Parliamentary Democracy
b) The leader of a Presidential Democracy
c) A leader who does not have a lot of political power or influence
d) A citizen in a country
Which reason states why most economies in Europe are mixed instead of pure market?
a) In a pure market economy, the government controls everything, so it is very easy to open businesses.
b) In a pure market economy, the government does not make a lot of laws, so it is easy to open a business.
c) In a mixed economy, the government sets rules to protect buyers and sellers, and it allows for some freedoms.
d) In a mixed economy, the government does not make any laws, so business owners have a lot of advantages.
In Russia, which solution would be the BEST to increase the gross domestic product?
a) Russia should stop taxing businesses for educational revenue.
b) Russia should not provide any money to improve technology for factories.
c) Russia should established vocational schools and universities to train its workforce.
d) Russia should assign citizens a specific job instead of allowing citizens to choose a job.
In 2011, Australia refused to trade cattle with Indonesia. This ban was put in place as a result of animal mistreatment in Indonesia. What trade barrier is being used?
a) Block
b) Quota
c) Tariff
d) Embargo
According to the 2016 Global Entrepreneurship Index, the United Kingdom and Germany are considered two of the top-ranked countries in Europe with the greatest number of entrepreneurs. Which statement is TRUE about entrepreneurship?
a) European countries with more entrepreneurs have a higher unemployment rate.
b) European countries with more entrepreneurs have a higher gross domestic product.
c) European countries that do not allow entrepreneurship have a greater number of privately owned businesses.
d) European countries that have fewer entrepreneurs have more opportunities for foreign investment.
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