Unit 1 Pre-Test

These are barriers to trade.

This is the degree of wealth and material comfort available to a person or community.

These are materials or substances that occur in nature and can be used for economic gain.

This form of government is characterized by single-party rule or dominant-party system. 

This economy is centrally controlled by the government.

 Traditions, customs, and beliefs help shape the goods and services this economy produces.

This is the activity of setting up a business in the hope of making a profit.

This is the skill, knowledge, and experience possessed by an individual or population.

This economic system is run by supply and demand.

Gross domestic product is not a monetary measure of the market value of all the final goods and services produced.

The government guides and regulates production of goods and services in this economy.

An autocracy is a government controlled by one person with absolute power.

This is the total percent of the population that can read and write.

This is a system of government where the citizens exercise power by voting.

Capital goods are goods that are used in producing other goods, rather than being bought by consumers.

A presidential form of government is one where the executive branch is elected separately from the legislative branch.

This form of government allows the party with the greatest representation in the legislature to pick the leader.