Benchmark Test 2
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Which of the following traits may be found in a socialist economy?
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The government owns half of the land and industry while the people own the other half.
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The government sets economic goals, owns some businesses, and generally has a major role in the economy.
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Individuals and private companies own land and industry and there is little government control.
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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?
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It is a special stock market for European businesses.
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It provides better training for people wanting to run businesses.
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It provides its members with military protection from foreign attack.
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It is a system to remove tariff barriers and open trade between countries.
Correct Answer
A. 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?
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Sweden
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Germany
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Poland
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France
Correct Answer
A. France -
- 4.
An example of economic cooperation among European nations that occurred in the late 1900s was the
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Creation of the League of Nations
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Signing of the Treaty of Versailles.
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Introduction of the Eurodollar.
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Creation of the United Nations.
Correct Answer
A. Introduction of the Eurodollar. -
- 5.
A sixth-grade class decides to open a popcorn stand. The stand and the popcorn popper are examples of which factor of production?
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Capital resources.
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Human resources.
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Natural resources.
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Entrepreneurship.
Correct Answer
A. Capital resources. -
- 6.
In which system of government does the legislature elect the executive leader?
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Democratic
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Communist
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Parliamentary
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Totalitarian
Correct Answer
A. Parliamentary -
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Current Version
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Dec 13, 2012Quiz Edited by
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Oct 22, 2008Quiz Created by
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