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Govt and eco
Govt and eco
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Questions
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Answers
1
Which of these is not an example of secondary production?
Baking
Construction
Car Manufacturing
Pharmacist
2
What is
Laissez faire?
for the goverment to control the market
to let the market control itself without intervention
the name of adam smiths child
a french style of imperialism from the 1600's
3
free market
prices are determind by open compettion
system of goverment thats wants total powers
stress or strains between 2 or more countries
a competion between nations for power
4
Mixed economic systems are the norm globally
True
False
5
Factors Of Production ?
Land, Laber, Capitol
Lans, Labor, Capitol
Kentucky, Fried, Chicken
Land, Labor Capitol
6
What are some examples of a Traditional Economy?
All of the above
Central African Mbuti
Australian Aborigines
Canadian Inuit
7
What is considered a Primary Chain of Production
Making Clothes, Engineering Cars, Building Homes
Farming, Fishing, Forestry, and Mining
8
Command economy also known as
developed economy
Governmental economy
service economy
planned economy
9
Economic Systems are made up of what three?
Government, People, State
Traditional, Market, and Command
State, Private Companies and households
10
What are advantages of a Traditional Economy?
Everybody can eat
Everyone knows what role to play
Everybody can participate
Nobody has to work
11
Whats a monopoly?
The monopoly guy had a monocle.
The evil board game
A command economy
When one company controls a whole industry without any competition
12
Which country would be an example of using a Command system?
United States
Australia
North Korea
Canada
13
Turkmenistan would be considered a developing country due to
low economic performance
unequal laws based on gender
dependent on production
High service
14
Which of these statements best describes tertiary production?
Consists of those industries providing information services, such as ICT.
Involves producing a single product/service to meet a customer's needs.
Concerned with methods of promotion such as social media and newspapers.
Concerned with getting the finished good/service to the customer.
15
Literacy Rate
The amount of people that can read and write in a country.
A lot of books.
Things that are used to make other things.
The act of continuing.
16
What Is A Developing Country?
A country in the process of becoming a democracy
A country in the process of becoming industrialized
A country in the process of establishing borders
All Are Correct
17
Socialism would be considered which type of economy?
Command
Market
Industrial
Traditional
18
Newly Industralized countries would have.....
Large GDP's
Extremely low literacy levels
Large Manufacturing workforces
high primary industries
19
The Quaternary Economic Sector does this…
Research It!
Sell It!
Gather It!
Make It!
20
Command Economy Meaning?
one in which someones central authoirty to an item
one in which a central authority decides what goods will be produced
none of the above
one in which someones central authority
21
This government has something to do with Kings or Queen.
Autocracy
Communism
Monarchy
Socialism
22
Which of the following countries is Newly Industralized?
Brazil
Australia
Canada
Kenya
23
Which is
not
true about a Free Market Economy?
There is no economic plan
Resources are owned by the government
There is limited government control on what/how to produce
The market determines prices
24
Which would be an example of a DEVELOPED country?
India
Dominican Republic
United States
Brazil
25
Traditional economy means......
Privately owned businesses that create goods that people buy in markets
Government owns most parts of the economy and decides what’s should be sold
Has elements of a free enterprise and command economy
People trade goods and services without money
26
Which government system does the US currently have?
Unitary
Parliamentary
Confederal
Federal
27
What are elements of a Developing Country?
Less Developed, Less Industrialized, High Employment
Less Developed, High standard of living, High Income rates
Highly Developed, Highly Industralized, High income rates
Less Developed, Less industrialised, Lower Standard of living
28
Which of these statements best describes secondary production?
Concerned with changing raw materials into finished goods.
Concerned with getting the finished good/service to the customer.
29
Socialism is an attempt to solve
Income Inequality
Capitalism
Uneven distribution of wealth
Low-living standards
30
Primary sector....
provides services
provide raw materials
provide trade
provide tourism
31
Economic Systems are
how a society decides on ownership of resources
all run by governments
all run by private companies
32
Quaternary industries.....
require highly qualified & skilled workers
all of these
are high tech
often use digital technologies
33
Capitalism
An economy controlled by private ownership of trade and production.
The economic system that was used by the Soviet Union.
A form of government.
An economy controlled by government regulation of production.
