Mrs. Jablonski: Economics & Government Quiz
General economics quiz
- 1.What is economics?
- A.
The study of money in every country in the world
- B.
A system of production, distribution, consumption, and exchange of goods and services
- C.
The way that people spend and save the money that they earn at their jobs
- D.
Buying and selling in the global market place
- 2.What are the three basic types of economic systems?
- A.
Traditional, Command, and Communist
- B.
Command, Mixed, and Market
- C.
Traditional, Command, and Market
- D.
Command, Mixed, Traditional
- 3.What are the three basic economic questions?
- A.
What to prouduce? How to Produce? For Whom to Produce?
- B.
What to produce? How to Distribute? For Whom to Produce?
- C.
What is Traditional? What is Market? What is Command?
- D.
What is an Entrepreneur? How doe Entrepreneurs Contribute? Why are Entrepreneurs Important?
- 4.What is specilization?
- A.
When a trades with other countries
- B.
When a country makes things effectively to export to toher countries
- C.
When a country imports products they do not have in their home land
- D.
When a county stops making televisions or electronics
- 5.What are the three major trade barriers?
- A.
Tarrif, Quota, Tax
- B.
Tarrif, Restriction, Embargo
- C.
Tarrif, Quota, Embargo
- D.
Tarrif, Barrier, Restriction
- 6.What is the most common economic system?
- A.
Command
- B.
Traditional
- C.
Mixed
- D.
Market
- 7.Julie notices that her classmates never have bookmarks. Julie visits a local craft store to purchase paper, decorative yarn, and markers. She begins making hand-made bookmarks at home. She gets permission from the principal to seel them at the school store. What is Julie?
- A.
A consumer
- B.
An entrepreneur
- C.
An embargo
- D.
An art teacher
- 8.Additional taxes are placed on pepper plants imported into the US from Spain. This is an example of a(n):
- A.
Embargo
- B.
Tarrif
- C.
Trade
- D.
Quota
- 9.The people are involved in the lawmaking process in which type of government?
- A.
Communist
- B.
Democratic
- C.
Oligarchic
- D.
Autocratic
- 10.What is the role of the citizen in a government in which one person has total control?
- A.
Autocratic
- B.
Oligarchic
- C.
Democratic
- D.
Confederation
- 11.This government system has a loose alliance with political units and gives final control of its own laws and citizens is given to each unit
- A.
Federal
- B.
Unitary
- C.
Confederation
- D.
Autocratic
- 12.In a presidential democracy:
- A.
The leader answers to the people
- B.
The legislature controls power
- C.
The leader is a prime minister
- D.
The are no checks and balances
- 13.In a parliamentary democracy
- A.
There is a system of checks and balances
- B.
The leader is a president
- C.
The leader answers to the legislature
- D.
There is a separation of powers
- 14.A resource that develops over time and cannot be reproduced naturally is
- A.
Renewable resource
- B.
Human resource
- C.
Natural resource
- D.
Global resource
Questions: 10 | Attempts: 25363 | Last updated: Mar 22, 2022
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