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- 1. Multiple Choice
The economy is a system that includes all of the activities that people and businesses do to earn a living.TRUEFALSE - 2. Multiple ChoiceCountries today use a MIX of different economic activities and systems.TrueFalse
- 3. Multiple ChoiceCountries today DO NOT use a MIX of different economic activities and systems.TrueFalse
- 4. Multiple ChoiceThe government is a system that includes all of the activities that people and businesses do to earn a living.TrueFalse
- 5. Multiple ChoiceThe industry that collects, produces or uses natural resources or raw materials.PrimaryTertiarySecondaryQuaternary
- 6. Multiple ChoiceThe industry that sells the products made in the secondary industries.PrimaryTertiarySecondaryQuaternary
- 7. Multiple ChoiceThe industry that use raw materials to produce or manufacture something new.PrimaryTertiarySecondaryQuaternary
- 8. Multiple ChoiceThe highest level of economic activity, involves research and distribution of information.PrimaryTertiarySecondaryQuaternary
- 9. Multiple ChoiceFarming, fishing and mining are examples of the ______________ industry.PrimarySecondaryTertiaryQuaternary
- 10. Multiple ChoiceThe milk from dairy cows is used to make cheese. Car manufactures use steel, plastic and rubber to put together cars. These are both examples of the _________ industry.PrimarySecondaryTertiaryQuaternary
- 11. Multiple ChoiceStore clerks, doctors and teachers are in the __________ industry.PrimarySecondaryTertiaryQuaternary
- 12. Multiple ChoiceScientists, architects and lawyers all work in the __________ industry.PrimarySecondaryTertiaryQuaternary
- 13. Multiple ChoiceMarket, Traditional and Command are three economic systems.truefalse
- 14. Multiple ChoiceNo country today uses a true command economy.truefalse
- 15. Multiple ChoiceThe _________ economy is where people grow their own food and make their own goods.TraditionalCommandMarketCapitalism
- 16. Multiple ChoiceThe _________ economy is the most common in the world. It is based on private ownership, free trade and competition.TraditionalCommandMarket
- 17. Multiple ChoiceThe _________ economy is a system where the government makes all the economic decisions.TraditionalCommandMarket
- 18. Multiple ChoiceA traditional economic system trade takes place through __________ instead of money.cashbartercoinschecks
- 19. Multiple ChoiceRural and __________communities sometimes use a traditional economy.remoteurbancity
- 20. Multiple Choice___________ in a market economy are determined by the supply and demand for goods.PricesCapitalismBarterGPA
- 21. Multiple ChoiceThe _______ economy is sometimes called capitalism.markettraditionalcommand
- 22. Multiple Choice____________ is one of many countries that use the market system.USANorth KoreaChinaCuba
- 23. Multiple ChoiceTwo countries that have economies close to a command economy are ________ and _________.North Korea and CubaNorth Korea and JapanUSA and CanadaGermany and France
- 24. Multiple ChoiceGDP stands for _________ _________ __________.Gross Domestic ProductGross Developing ProductGood Day People!Gross Developed Product
- 25. Multiple ChoiceGDP is the value of all goods and services produced within a country in a single ___________.yeardayhourdecade
- 26. Multiple ChoiceGeographers group countries into 2 categories as _______ or ________ based on their level of economic development.developed / developinggood / badleft / rightup / down
- 27. Multiple Choice___________ is the total GDP divided by the number of people in a country.Per capita GDPPopulation DensityDensity PopulationPer capita PDG
- 28. Multiple ChoiceDeveloped countries have a STRONG economyTRUEFALSE
- 29. Multiple ChoiceDeveloping countries have a high quality of life.TrueFalse
- 30. Multiple ChoiceDeveloped countries tend to have high per capita GDP.TrueFalse
- 31. Multiple ChoiceDeveloping countries have access to technology.truefalse
- 32. Multiple ChoiceDeveloped countries have high levels of industrialization.truefalse
- 33. Multiple ChoiceDeveloping countries have the best education and health care.truefalse
- 34. Multiple ChoiceThe USA is considered a developed country.TrueFalse
- 35. Multiple Choice2/3 of the world's population live in developing countries.TrueFalse
- 36. Multiple ChoiceDeveloping countries rely on farming and primary industries.TrueFalse
- 37. Multiple ChoiceGuatemala, Nigeria and Afghanistan are developing countries.TrueFalse
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