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Government and Economics Review
Government and Economics Review
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Review for Unit 3 Government and Economics Test
Flashcards
40 cards
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Practice quiz
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Questions
40
Answers
1
What type of trade barrier would guarantee that no child would be exposed to lead-based paint?
Embargo
Quota
Tariff
Exchange Rate
2
The leader is answerable to the voters not the legislature.
Oligarchic
Parliamentary System
Autocratic
Presidential System
3
Most societies have which type of economic system?
Command Economy
Traditional Economy
Market Economy
Mixed Economy
4
“Gifts of Nature”
Natural Resource
Standard of Living
Physical Capital
Entrepreneur
5
What do all economic systems of the United Kingdom, Germany and Russia have in common?
All are examples of pure command economies
All are examples of mixed economies with some command
All are mostly pure market economies
All are examples of pure market economy
6
What currency do most members in the European Union use to make trade in Europe easier?
Pound
Dollar
Peso
Euro
7
Which of the following is a likely result of trade barriers?
Increase in imports
More choices
Lower Prices
Protection of domestic producers from competition
8
Which system of government does the legislature elect the executive leader of the government?
Parliamentary Democracy
Presidential Democracy
Communist
Dictatorship
9
Which of the following are ways to increase economic development?
Invest in education and training
Encouraging more farming
Lowering wages
Establish price controls
10
Bundestag
Germany
United Kingdom
Russia
France
11
In a command economy, who makes all economic decisions?
Business owners
The consumers
The government
The workers
12
The legislature chose you as the leader. What form of government do you have?
Parliamentary
Autocratic
Presidential
Oligarchic
13
What can governments put in place to limit international trade?
Exports
Imports
Free Trade
Trade Barriers
14
1. Which system of government gives the most freedom to its citizens?
Democracy
Oligarchy
Monarchy
Autocracy
15
Which type of economy allows to make all economic decisions with no governmental influence?
Mixed Economy
Market Economy
Command Economy
Traditional Economy
16
Our workers must be prepared for high tech jobs in the 21
st
Century. The plan is to
Embargo on technology will help country's economy
Exchange rate will increase country's profits
Physical capital goods will raise Gross Domestic Product
Increase human capital will increase Gross Domestic Product
17
How does a parliamentary democracy differ from a presidential democracy?
There are usually 2 political parties
The legislature consists of two houses
There are states as well as national governments
The head of government is part of the legislature
18
A developed country is likely to have which of the following
Lower productivity
Higher standard of living
Less-productive economy
53% Literacy rate
19
The United Kingdom has which form of government?
Democracy
Autocracy
Oligarchy
Monarchy
20
Chancellor elected by the legislature (Angela Merkell)
United Kingdom
France
Germany
Russia
21
You purchase a factory, machines, an office building, land, and trucks. This is an example of
Human Capital
Natural Resources
Entrepreneur
Physical Capital
22
President elected by the People (Vladimir Putin)
United Kingdom
Germany
France
Russia
23
What role does education play in improvement of a country’s economy?
It plays a major role. Education is important
It plays somewhat of a role. Education is not important
It does not play a role. Education is really not important
It plays a minor role. Education is somewhat important
24
1. What is one similarity between an oligarchy and autocratic government?
Citizens are free to elect leaders
Power is held by small group of people
Citizens are free to make economic decisions
Leaders share power with the people
25
Duma
France
United Kingdom
Russia
Germany
26
You are educated, trained and skilled to work a certain job. This is an example of
Natural Resources
Human Capital
Entrepreneur
Physical Capital
27
Which type of economic system has the highest level of government control?
Mixed Economy
Command Economy
Traditional Economy
Market Economy
28
Which form of government has a king or queen that shares power with the government?
Absolute Monarchy
Authoritarian Communism
Representative Democracy
Constitutional Monarchy
29
The leader of the Parliament in countries such as Canada and the United Kingdom is called the
Chairman
President
Speaker
Prime Minister
30
You live in a small government who is ruled by one man What form of government is this country?
Democratic
Oligarchic
Parliamentary
Autocratic
31
The total goods and services produced by a country in one year is known as
NAFTA
European Union
Gross Domestic Product
Free Trade
32
Which trade barrier discourages trade by placing a tax on foreign goods?
Subsidy
Embargo
Tariff
Quota
33
What is the purpose of a government?
Make and Enforce laws
Vote
Obey laws
Consume goods
34
What type of government would likely abolish all opposing political parties, elections and
Republic
Constitutional Monarchy
Representative Democracy
Autocratic
35
House of Commons
Germany
Russia
France
United Kingdom
36
A small group of people chosen to rule by a group of people.
Presidential System
Autocratic
Parliamentary System
Oligarchic
37
1. What is a basic way citizens of a democratic nation can influence government?
Voting
Obeying laws
Working
Consuming goods
38
You decide to open up an IRepair store for computers and cell phones. You are probably an
Journey Man
Corporate Boss
Entrepreneur
President of a Bank
39
One similarity between parliamentary and presidential system is they are both head of the
Corporations
Military
Legislature
States
40
In reality, what is the most common economy in the world?
Command Economy
Market Economy
Mixed Economy
Traditional Economy