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Economics
economics is the fancy word for
The study of economics focuses on
Economics
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Answers
1
The study of economics focuses on
different types of governments and how they operate
earth and its relationship to our environment
production, distribution, and consumption of goods & service
past cultures of different peoples
2
economics is the fancy word for
religion
money and trade
farming
government
3
Political is the fancy word for
money and trade
government
farming
religion
4
When Congress impeaches the president it is an example of
Separation of Powers
Limited government
Federalism
Checks and Balances
5
A nation where economic decisions are made by government is a
socialist economy
traditional economy
command economy
market economy
6
In industry the conversion of raw materials into finished products occurs in the
Quaternary/ research
primary/ agricultural
Tertiary/ retail/ service
secondary/ manufacturing
7
When Congress passes a law it is an example of
Limited government
Separation of Powers
Checks and Balances
Federalism
8
Target and Walmart are parts of the
retail industry
service industry
manufacturing industry
agricultural industry
9
Which of these geographic features is most likely to be a barrier to economic development?
fertile plain
Mountains
river
coast line
10
Sharing of Power between National and State is an example of
Limited government
Checks and Balances
Federalism
Separation of Powers
11
a nation that provides social welfare programs like free healthcare funded by taxes is a
socialist economy
command economy
market economy
traditional economy
12
life expectancy, literacy rate and income are
characteristics of economic development
factors of production
geographic resources
rights and responsibilities
13
The collection of raw materials constitutes this sector of industry.
tertiary/retail/service
secondary/ manufacturing
quaternary/ research
primary/ agriculture
14
The power that no one is above the law, even the president is
Limited government
Federalism
Checks and Balances
Separation of Powers
15
In Mexico, farming corn is a major industry of what type
tertiary/ service
primary/ agricultural
tertiary/ wholesale
secondary/ manufacturing
16
When a president vetoes a law passes by Congress it is an example of
Limited government
Checks and Balances
Separation of Powers
Federalism
17
The United States has what type of government
direct democracy
constitutional monarchy
democratic republic
parliamentary republic
18
Which is not a responsibility of citizens
serve on jury
pay taxes
obey the law
have children
19
If the supply goes up then the demand goes ...
sideways
down
around
up
20
Which of the following lists describes categories of industries?
agriculture, manufacture, retail, service
chevrolet, ford, honda, toyota
culture, economics, geography, history
21
Removing diamonds from the earth is which level of industry
primary/ agricultural
secondary/ manufacturing
tertiary/ retail
Tertiary/ wholesale
22
A natural resource is
made by people in labortories
made by people in factories
the skills and abilities of a worker
from nature and used by people
23
Healthcare, information technology, and banking are examples of
manufacturing industries
agriculture industries
service industries
wholesale industries
24
In a command economy, how are the prices and goods determined
supply and demand
independent agencies
central government
business owners
25
Which of the following explains the concept of scarcity
unlimited wants, limited resources
limited wants, unlimited resources
limited wants, limited resources
unlimited wants, unlimited resources
26
an area that does not use money but trades for basic needs is a
socialist economy
market economy
traditional economy
command economy
27
According to the law of supply and demand, a high supply with a low demand results in
lower prices
higher taxes
lower tariffs
higher prices
28
In China, processing computer chips is a common factory job in what industry?
retail/ tertiary
agricultural/ primary
research/ quaternary
manufacturing/ secondary
29
a nation where the basic economic decisions are made by business is a
socialist economy
command economy
traditional economy
market economy
30
Agricultural industries include all of the following except-
manufacturing
trees
minerals
foods