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**Unit 6 Review** Flashcards | StudBud
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**Unit 6 Review**
**Unit 6 Review**
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Unit 6 Review
Flashcards
25 cards
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Practice quiz
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Questions
25
Answers
1
What happened to the economy of China after the Tiananmen Square protests of 1989?
The government allowed more economic freedoms.
The government stopped trading with the U.S.
The government took over all land from the people.
The government allowed Buddhist leaders to run the economy.
2
For international trade to be successful, there must be a system of:
exchanging currencies
high tariffs
declaring war on other nations
imposing trade barriers
3
If a nation invests in human capital:
the GDP will rapidly decrease
the GDP will remain the same
the GDP will rapidly increase
the GDP will slowly increase
4
The U.S. has limited its trade with North Korea for decades. This is an example of:
a tariff
a quota
an embargo
5
In a command economy, all choices are made by:
the government and individual citizens
individual citizens
the government
religious leaders
6
***What does Mrs. Tritt do during every holiday season?***
She collects canned food for the Salvation Army.
She volunteers at a local shelter.
She selects one lucky child to be thrown into the sun.
She makes her famous "Eggnog" for the teachers.
7
What is the importance of specialization?
It discourages trade.
It encourages trade.
8
What do the economies of China and India have in common?
Both have small quantities of natural resources.
Both are rapidly industrializing.
Both have command economies.
Both are highly developed countries.
9
Factories, machinery, and technology are examples of:
human capital
capital goods
10
Which of the following countries would have the LOWEST amount of economic freedoms?
China
India
Japan
North Korea
11
The Japanese economy focuses on the creation of technology. This is an example of:
a trade barrier
specialization
a quota
a command economy
12
In a traditional economic setting, choices are determined by:
the government
customs and beliefs
religious leaders
13
***Which of the following teachers has a husband who once had his car stolen by Mr. Farr?***
Mrs. Davenport
Mrs. Fowler
Mrs. Major
Mrs. Hall
14
All of the following are examples of trade barriers EXCEPT:
quotas
embargoes
capital goods
tariffs
15
Both Japan and South Korea:
have diverse economic systems
have low standards of living
rely on oil sales for most of their profits
discourage entrepreneurship
16
*All countries have...
mixed economies
command economies
market economies
17
Due to its poor geography, which country must import most of the goods and resources it needs?
Japan
China
India
18
***Each time Mrs. Parker sees Mr. Farr, she rolls her eyes because:
Mr. Farr is taller than her
Mr. Farr has a higher Lexile level than her
Mr. Farr crashed her wedding and caused mass chaos
Mr. Farr reminds her of the Joker
19
Entrepreneurs are important because:
they eliminate jobs and increase prices
they create jobs and keep prices low
20
Who makes all economic choices in a market economy?
the central government
an occupying military force
individual citizens
a group of religious leaders
21
***Where did Mr. Poole meet his wife?***
at a party
on a blind date
at a Rodeo Clown training school
in college
22
***When did Mrs. Hulsey graduate from high school?***
before Mr. Farr
way after Mr. Farr
It's a mystery wrapped in an enigma inside a riddle.
the same year as Mr. Farr
23
*Even though North Korea has a mixed economy, it is extremely close to having:
a market economy
a command economy
24
Japan protects its industries by taxing imports from other countries. This is an example of:
a quota
an embargo
a tariff
25
Which of the following countries has the MOST economic freedoms for its people?
China
India
Japan
North Korea
