Unit 6 Test Review

Focusing on one thing and doing it well is called...

True or false: In a market economy, private citizens make the decisions.

Which country mentioned is known for producing oil?

Which type of economy relies heavily on traditions and customs?

True or false: All economies have pure economic systems.

True or false: All economic decisions in a traditional economy are based on customs, traditions, and beliefs of the past

Trading without the use of money is called...

Which is found in nature and not created by humans?

True or false: Agriculture is one major way that humans interact with their environment.

Which of the following is an example of capital goods?

Which of the following is an example of human-environment interaction?

Areas with abundant resources tend to:

An embargo is:

Which type of trade barrier restricts the amount of a good that can be imported?

The term "ecosystems" refers to:

Which of the following is NOT a question economic systems must answer?

What is desertification?

Which of the following best defines human capital?

A scale used to measure economies.

Market economies are primarily driven by:

True or false: Trade barriers make international trading easier for everyone involved.

Which trade barrier makes imported goods more expensive?

In this economic system, all decisions are made by the government.