Benchmark Test 2

1. Which of the following traits may be found in a socialist economy?

The government owns half of the land and industry while the people own the other half.

The government sets economic goals, owns some businesses, and generally has a major role in the economy.

Individuals and private companies own land and industry and there is little government control.

The government owns most of the land and industry with just a few individuals and private companies owning land.

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Benchmark Test 2.

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2. What is the importance of the European Union (EU), which was established in the 1990s?

It is a special stock market for European businesses.

It provides better training for people wanting to run businesses.

It provides its members with military protection from foreign attack.

It is a system to remove tariff barriers and open trade between countries.

3. Which country depends most on nuclear power as a source of energy?

Sweden

Germany

Poland

France

4. An example of economic cooperation among European nations that occurred in the late 1900s was the

Creation of the League of Nations

Signing of the Treaty of Versailles.

Introduction of the Eurodollar.

Creation of the United Nations.

5. A sixth-grade class decides to open a popcorn stand. The stand and the popcorn popper are examples of which factor of production?

Capital resources.

Human resources.

Natural resources.

Entrepreneurship.

6. In which system of government does the legislature elect the executive leader?

Democratic

Communist

Parliamentary

Totalitarian

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