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Duplicate of Grade 8 Chapter 6 Practice Test Flashcards | StudBud
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Duplicate of Grade 8 Chapter 6 Practice Test
Duplicate of Grade 8 Chapter 6 Practice Test
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Answers
1
The three geographic features that affect wealth are
Capital gains, importing, and capital resources
Capital gains, importing, and human resources
Natural resources, global development, and human resources
Natural resources, location, and human resources
2
In mixed economies, the government can make regulations to protect the environment, workers, and the consumer.
False
True
3
Which of the following is not a principle of global trade and sustainability?
Environmental
Economic
Traditonal
Social
4
Countries require human resources in order to effectively develop their natural resources.
True
False
5
Having natural resources guarantees a country a high quality of life.
False
True
6
GDP per capita helps determine the average wealth of the citizens of a country
False
True
7
Fair trade helps to protect the environment and promote sustainability for the long term.
True
False
8
Traditional economies have lots of government control.
False
True
9
What are the four different economic sectors?
Primary, secondary, tertiary, and quaternary
Primary, secondary, tertiary, and hexagonally
Primary, secondary, third, and quaternary
Starter, secondary, tertiary, and quaternary
10
Drilling for oil would be an example of which type of industry?
Quaternary
Tertiary
Secondary
Primary
11
Disadvantages of traditional economies often include
All of the above
Lower quality of life
Low literacy rates
Little interaction with other people
12
A country's gross domestic product (GDP) is a measure of a country's total wealth.
True
False
13
Economic Activity is all the actions that involve producing, distributing, or consuming goods or services.
True
False
14
What is wealth?
The total value of a country’s resources
The total value of a country’s capital resources
The total value of a country’s natural resources
The total value of a country’s human resources
15
Which is not an economic system?
Market
Monopoly
Mixed
Command
16
Citizens who are wealthy can pay taxes. What are some benefits of taxes?
Education
All of the above
Infrastructure
Healthcare
17
Globalization is
The process of growing connections around the nation
The process of shrinking connections around the nation
The process of growing connections around the world
The process of shrinking connections around the world
18
Which is
NOT
a characteristic of a developed economy?
Many people work in the primary industry
Many wealthy citizens
Few workers unemployed
High levels of technology
19
Refining raw ore into steel bars is an example of which type of industry?
Primary
Tertiary
Quaternary
Secondary
20
Economic development is
Both A and B
The improvement of a country’s economy
Unimportant to improving quality of life
A key factor to improving quality of life
21
When most of the citizens of a country have jobs, the country is considered less wealthy.
False
True
22
What are some products that fair trade impacts?
Bananas
Soccer balls
Chocolate
All of the above
23
In a command economy, the government has full control of the economy.
False
True
24
Global development helps to improve the quality of life around the world by sustainably improving a variety of systems.
True
False
25
The mixed economic system is the least popular among developed nations.
False
True
26
The Strait of Malacca in Singapore is the main reason for Singapore's economic success because
The Strait is a beautiful tourist destination
It's one of the oldest Straits in existence
Its the shortest shipping route from the Indian Ocean to South China Sea
All of the above
27
Going to your favourite restaurant and having a meal is an example of which type of industry?
Quaternary
Primary
Tertiary
Secondary
28
Why is fair trade important?
Ensures workers who make products a better quality of life
Ensures workers who make products get better treatment
Ensures workers who make products receive better wages
All of the above
29
Examples of economic activity include
All of the above
Going to school
Going to the movies
Going out for dinner
30
An example of a country that practices a pure market economy is
North Korea
Canada
France
USA
31
What are the three perspectives on fair trade?
Distributor's
Consumer's
All of the above
Producer's
32
The advantage of a command economy is that the government can focus all of its resources on one goal.
False
True
33
Which is
NOT
a characteristic of a developing economy?
High levels of technology
Many workers unemployed
A growing number of industries
Few wealthy citizens
34
McMaster University conducting research on a new Covid-19 vaccine is an example of which type of industry?
Primary
Quarternary
Secondary
Tertiary
35
In market economies, what is
NOT
a reason as to why prices are kept low?
The government influences prices
When many businesses compete for the same consumers, it keeps prices low
Both A and B
Consumers are free to decide how they will spend their money
36
Global trade is trade done among the countries in the world.
False
True
37
Gross domestic product per capita is
GDP ÷ number of citizens
GNP ÷ number of citizens
GDP ÷ number of unemployed citizens
GDP ÷ number of employed citizens
38
Which is
NOT
an advantage of outsourcing?
Less expensive goods and services
Lower unemployment
Longer working hours
Higher wages
39
Which is
NOT
a reason as to why human resources are important?
Machines will likey take over most of the labour force
Countries need people with the skills and knowledge to manage resources
An educated population is needed to build, operate, and maintain industries
Counties need workers who can turn their natural resources into products
40
The economy is the system by which goods and services are produced, sold, and bought in a country or region
.
True
False
41
A country can increase its wealth by using its natural resources.
False
True
42
Trade is the buying and selling of goods or services.
False
True
43
Countries with high GDPs always have high a high GDP per capita.
False
True
44
Countries with developed economies, such as Switzerland, do not invest in global development.
False
True
45
Countries with more developed economies rely heavily on the primary industry.
False
True
46
A countries geographic features and its location in relation to the rest of the world has a large impact on its economy
True
False
47
Countries with the least developed economies rely heavily on the primary industry.
True
False
48
If annual GDP grows larger over time, this is a strong indicator of an unhealthy economy
False
True
