stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Grade 8 Chapter 6 Practice Test Flashcards | StudBud
Explore
/
Grade 8 Chapter 6 Practice Test
Grade 8 Chapter 6 Practice Test
48 terms
·
StudBud Administration
·
90 plays
Imported from external platform
Flashcards
48 cards
F
Practice quiz
P
Host live
L
Questions
48
Answers
1
A countries geographic features and its location in relation to the rest of the world has a large impact on its economy
True
False
2
McMaster University conducting research on a new Covid-19 vaccine is an example of which type of industry?
Tertiary
Secondary
Primary
Quarternary
3
The advantage of a command economy is that the government can focus all of its resources on one goal.
True
False
4
Fair trade helps to protect the environment and promote sustainability for the long term.
False
True
5
Going to your favourite restaurant and having a meal is an example of which type of industry?
Quaternary
Secondary
Tertiary
Primary
6
Which of the following is not a principle of global trade and sustainability?
Social
Economic
Traditonal
Environmental
7
What are some products that fair trade impacts?
All of the above
Soccer balls
Chocolate
Bananas
8
A country's gross domestic product (GDP) is a measure of a country's total wealth.
False
True
9
Economic Activity is all the actions that involve producing, distributing, or consuming goods or services.
False
True
10
Countries require human resources in order to effectively develop their natural resources.
False
True
11
Refining raw ore into steel bars is an example of which type of industry?
Primary
Tertiary
Secondary
Quaternary
12
In a command economy, the government has full control of the economy.
True
False
13
Which is
NOT
a reason as to why human resources are important?
Machines will likey take over most of the labour force
An educated population is needed to build, operate, and maintain industries
Countries need people with the skills and knowledge to manage resources
Counties need workers who can turn their natural resources into products
14
Examples of economic activity include
Going to the movies
All of the above
Going out for dinner
Going to school
15
The Strait of Malacca in Singapore is the main reason for Singapore's economic success because
It's one of the oldest Straits in existence
The Strait is a beautiful tourist destination
Its the shortest shipping route from the Indian Ocean to South China Sea
All of the above
16
The economy is the system by which goods and services are produced, sold, and bought in a country or region
.
False
True
17
Global trade is trade done among the countries in the world.
True
False
18
What are the four different economic sectors?
Primary, secondary, third, and quaternary
Primary, secondary, tertiary, and quaternary
Primary, secondary, tertiary, and hexagonally
Starter, secondary, tertiary, and quaternary
19
A country can increase its wealth by using its natural resources.
True
False
20
An example of a country that practices a pure market economy is
Canada
North Korea
USA
France
21
What is wealth?
The total value of a country’s natural resources
The total value of a country’s capital resources
The total value of a country’s human resources
The total value of a country’s resources
22
If annual GDP grows larger over time, this is a strong indicator of an unhealthy economy
False
True
23
GDP per capita helps determine the average wealth of the citizens of a country
False
True
24
Countries with developed economies, such as Switzerland, do not invest in global development.
False
True
25
Having natural resources guarantees a country a high quality of life.
True
False
26
Drilling for oil would be an example of which type of industry?
Primary
Secondary
Quaternary
Tertiary
27
Citizens who are wealthy can pay taxes. What are some benefits of taxes?
Healthcare
Education
Infrastructure
All of the above
28
In mixed economies, the government can make regulations to protect the environment, workers, and the consumer.
True
False
29
Which is not an economic system?
Command
Monopoly
Market
Mixed
30
Countries with the least developed economies rely heavily on the primary industry.
False
True
31
Gross domestic product per capita is
GDP ÷ number of employed citizens
GDP ÷ number of citizens
GDP ÷ number of unemployed citizens
GNP ÷ number of citizens
32
Global development helps to improve the quality of life around the world by sustainably improving a variety of systems.
False
True
33
Trade is the buying and selling of goods or services.
False
True
34
The mixed economic system is the least popular among developed nations.
True
False
35
What are the three perspectives on fair trade?
Distributor's
All of the above
Consumer's
Producer's
36
Which is
NOT
a characteristic of a developed economy?
High levels of technology
Many people work in the primary industry
Few workers unemployed
Many wealthy citizens
37
Globalization is
The process of shrinking connections around the nation
The process of shrinking connections around the world
The process of growing connections around the nation
The process of growing connections around the world
38
Which is
NOT
an advantage of outsourcing?
Longer working hours
Lower unemployment
Less expensive goods and services
Higher wages
39
Disadvantages of traditional economies often include
Lower quality of life
Little interaction with other people
Low literacy rates
All of the above
40
Why is fair trade important?
Ensures workers who make products a better quality of life
Ensures workers who make products receive better wages
All of the above
Ensures workers who make products get better treatment
41
Countries with more developed economies rely heavily on the primary industry.
False
True
42
Economic development is
Both A and B
Unimportant to improving quality of life
A key factor to improving quality of life
The improvement of a country’s economy
43
When most of the citizens of a country have jobs, the country is considered less wealthy.
False
True
44
Traditional economies have lots of government control.
True
False
45
In market economies, what is
NOT
a reason as to why prices are kept low?
Consumers are free to decide how they will spend their money
The government influences prices
Both A and B
When many businesses compete for the same consumers, it keeps prices low
46
Which is
NOT
a characteristic of a developing economy?
Few wealthy citizens
Many workers unemployed
A growing number of industries
High levels of technology
47
Countries with high GDPs always have high a high GDP per capita.
True
False
48
The three geographic features that affect wealth are
Natural resources, global development, and human resources
Capital gains, importing, and capital resources
Capital gains, importing, and human resources
Natural resources, location, and human resources
