Economics Review
Quiz by laura borrego
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- Q 1/15Score 0A developed country should have a high-29literacy ratepoverty rateinfant mortality ratedrop out rate
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15 questions
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- Q1A developed country should have a high-literacy ratepoverty rateinfant mortality ratedrop out rate30sEditDelete
- Q2It is important for countries to be interdependent becauseno country has everything it needswhat if another country has resources no one wantsevery country needs a friend to trade withsharing is caring30sEditDelete
- Q3If a business owner makes all of the decisions about what they make how much to sell it for, what kind of economy are they under?socialistfree enterprise (capitalism)traditionalcommand30sEditDelete
- Q4If the government makes all of the decisions about what is made and who it is sold to, and they own all of the businesses and homes, what type of economy is this?traditionalsocialistfree enterprise (capitalism)command30sEditDelete
- Q5The government makes decisions to keep people and the environment safeFree Enterprise EconomyCommand Economy30sEditDelete
- Q6The government makes all of the decisionsCommand EconomyFree Enterprise Economy30sEditDelete
- Q7Consumers are only allowed to buy from countries their government approvesCommand EconomyFree Enterprise30sEditDelete
- Q8Competition makes better products for consumersCommand EconomyFree Enterprise30sEditDelete
- Q9Another word for Free Enterprise iscopy cat economycaterpillar economyEl Capitan Economycapitalist economy30sEditDelete
- Q10In what level of development would people rely on farming or agriculture for their food?DevelopingUnderdevelopedDeveloped30sEditDelete
- Q11When countries rely on one another--such as the US needing oil from the Middle East, and the Middle east needing food from the US--this is calledindependencedependenceinterdependence30sEditDelete
- Q12The economic system that best describes the US isFree EnterpriseCommandSocialist30sEditDelete
- Q13In the US, the government will create rules for businesses to follow to keep peoplesafesecuresatisfied30sEditDelete
- Q14High GDP per capita, High Average Life Expectancy, andLow Literacy RateHigh Literacy Rate30sEditDelete
- Q15Low GDP per capita, Low Average Life Expectancy, andLow Literacy RateHigh Literacy Rate30sEditDelete
