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Government and Economics Unit 4 Flashcards | StudBud
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Government and Economics Unit 4
Government and Economics Unit 4
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1
Why is it economically important for a country to maintain a 99% literacy rate?
It decreases the demand for capital goods.
Educated workers are often paid less, because employers do not train them.
Educated workers are more efficient, leading to a more productive workforce
They are paid less, because employers had to pay for training.
2
WHAT TYPE OF GOVERNMENT WAS IN CONTROL WHEN JOSEPH STALIN WAS IN OFFICE?
Democracy
Monarchy
Autocracy
Oligarchy
3
How did selecting to use the Euro help the member-states of the European Union?
It stopped the fluctuation of currency values.
It created a barrier
By eliminating the costs of currency exchange.
It allowed member-states to economically specialize.
4
What type of economic system do United Kingdom, Russia, and Germany have?
Command
Traditional
Mixed
Market
5
German's can attend a university for free. What is the economic reason for their system of universal higher education?
A well-educated population generates a high gross domestic product.
Germany lacks a large industrial labor force.
The government wants to encourage people to get jobs in other countries.
German people do not like to work in the industrial sector.
6
Which country in Europe is uses rivers to produce hydroelectric power?
United Kingdom
Germany
Russia
Ukraine
7
IN RUSSIA WHAT IS THE MOST POWERFUL NON-ELECTED POSITION IN THE GOVERNMENT?
Queen
The President
Prime Minister
The Legislature
8
Which nation has the largest economy in the European Union?
United Kingdom
France
Germany
Russia
9
Which answer choice correctly compares or contrasts the roles of citizens in the British and German governments?
Citizens can vote for representatives in one house of their legislatures.
British citizens vote for one house and German citizens vote for two houses
citizens vote for representatives in two houses and for Prime Minister
British vote for 1 house & prime minister & Germans vote for 2 houses
10
WHAT WAS THE ECONOMIC REASON FOR THE START OF THE EUROPEAN UNION?
To establish voluntary trade among members.
To introduce trade tariffs among its members.
To end all European trade embargoes
To strengthen European trade quotas
11
How does investing in capital goods help a countries GDP?
It improves the efficiency of workers.
It helps workers complete their jobs.
It improves the knowledge of workers.
It makes it easier to start a business.
12
High levels of entrepreneurship have what effect on a country’s economy?
It leads to a decline in employment levels.
It leads to low levels of capital investment.
It leads to a more dynamic and innovative economy.
It leads to a single-resource economy.
13
The people of Russia directly elect which government position?
Prime Minister
Members of the Dumas
Member of the Council of Ministers
President
14
Sara owning a flower shop is an example of which economic factor?
Entrepreneur
Natural Resources
Human Capital
Capital Goods
15
Which economic area contributes the
LEAST
to the United Kingdom's gross domestic product?
construction
manufacturing
banking
agriculture
16
If Germany has a 99% literacy rate, what can be said about the economy?
Germany has a low standard of living.
Germany has a low gross domestic product.
The workforce has valuable human capital.
Germany's businesses have valuable capital goods.
17
What industry does the United Kingdom specialize in?
mining
shipping
automobiles
banking
18
What is the name of Europe's currency?
Aussies
Dollar
Euro
Pesos
19
Which country's economy depends mostly on state-owned business?
United States
Russia
United Kingdom
Germany
20
What type of economic system matches and autocratic government?
Pure Command Economy
Mixed economy
Pure Market Economy
Traditional economy
