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Economics Review Flashcards | StudBud
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Economics Review
Economics Review
21 terms
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StudBud Administration
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46 plays
6th grade Social Studies government and economics review game
Flashcards
21 cards
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Practice quiz
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Questions
21
Answers
1
A(n) __________________________ is a risk taker who starts a business.
Explorer
Entrepreneuer
Prime Minister
Monarch
2
What word refers to city areas?
urban
rural
democratic
tropical
3
In a command economy there is total _________________ control.
economic
mind
food
education
4
A ________________ literacy rate would be found in a developed nation.
high
low
5
What kind of resource is a waiter?
Capital Resource
Human resource
Natural Resource
6
What type of resource is acomputer?
Capital Resource
Natural Resource
Human Resource
7
What type of resource is afactory?
Human Resource
Natural Resource
Capital Resource
8
In a ___________________ economy there is no government control.
Market
Mixed
Command
Traditional
9
A ______________________ is a tax on imported goods.
Quota
Tariff
Pull factor
Embargo
10
Do developed or developing nations have a higher life expectancy?
Non-developing
Developing
11
What is the difference between an import and an export?
An import naturally occurs, an export is brought in
An export does not naturally occur, an import is brought in
An export is brought in, an import is sent out
An import is something brought in, an export is sent out
12
What type of resource is a cow?
Capital Resource
Natural Resource
Human Resource
13
What is the difference between and consumer and a producer?
A consumer creates products, a producer buys them
A producer creates products, consumers buy products
14
Limiting the amount of goods that can be imported is a _________________.
Pull Factor
Quota
Tariff
Embargo
15
What is life expectancy?
Expected quality of life
Knowing what job you will have when you grow up
How many babies are born in a certain time period
How long someone will live in a certain country
16
What word refers to the countryside?
rural
urban
unitary
democratic
17
Trade is easier when countries have common ___________________.
beliefs
flags
names
currency
18
______________ is when a government stops trade with another country.
Tariff
Democracy
Embargo
Quota
19
What type of resource is atree?
Capital Resource
Natural Resource
Human Resource
20
Why do developing nations have a higher life expectancy?
Developing countries have better healthcare
They don't go to war
They have better cars
They pay higher taxes
21
What type of resource is adentist?
Human Resource
Natural Resource
Capital Resource
