Daily Oral Social Studies 2 nd Nine Weeks

Daily Oral Social Studies 2 nd Nine Weeks

A Which country had problems with acid rain? • A. Germany • B. United Kingdom • C. Ukraine

B Which country had problems with a nuclear disaster in Chernobyl? • A. Germany • B. United Kingdom • C. Ukraine

C Which country had problems with air pollution? • A. Germany • B. United Kingdom • C. Ukraine

1 _________ is the limited supply of something. • a) tariff • b) scarcity • c) economy • d) command

2 What does an economic system do? • a) determines who gets the most money • b) determines how to use limited resources • c) determines what the money should look like • d) determines what color the money should be

3 • • Which of the following is NOT a question that should be answered when determining an economic system? a) What goods and services will be produced b) How will goods and services be produced c) Who will consume the goods and services d) Where will the goods and services

In a ________ economy, the 4 customs and habits of the past are used to decide what and how goods will be produced, distributed, and consumed. • a) traditional • b) command • c) market

In a centralized ________ economy, government planning 5 groups make the basic economic decisions. • a) traditional • b) command • c) market

In a decentralized _______ 6 economy, decisions are guided by changes in prices that occur between individual buyers and sellers in the marketplace. • a) traditional • b) command • c) market

7 There are no examples of _______ economy in Europe. • a) traditional • b) command • c) market

8 Although the new Russian Federation has adopted a more _____ economy, the former Soviet Union was an example of a _____ economy. • a) mixed; command • b) market; mixed • c) free; traditional

9 Other names for market systems are all of the following except: • a) Enterprise • b) capitalism • c) laissez-faire • d) command

10 Most of Europe operates in a ________ economy • a) traditional • b) command • c) market

11 Command economy • a) Russia • b) Germany • c) UK

12 Market Economy • a) USA • b) Cuba • c) Russia

Which of the following European 13 countries has the least restrictive economic system? • a) USA • b) Germany • c) United Kingdom

Which of the following European 14 countries has the most restrictive economic system? • a) USA • b) Cuba • c) Russia

15 Which is an example of investing in human capital? • a) factories • b) education • c) cash

16 True or False (All economies are mixed. ) • a) True • b) False

In the United Kingdom, who decides 17 which goods will be produced and sold? • a) citizens • b) the prime minister • c) the monarch

18 In which country would it be most difficult to start a business? • a) USA • b) Germany • c) Russia

19 Which type of trade barrier involves a limit on goods brought into a country? • a) tariff • b) quota • c) embargo

20 A tax on imports is called a(n) _______ • a) embargo • b) quota • c) tariff

A government order to stop trading 21 with another country is called a(n) ____. • a) tariff • b) embargo • c) quota

22 Define entrepreneur

23 Define human capital

24 Define literacy rate

25 Define physical capital

26 Define Gross Domestic Product (GDP)

27 Define natural resources

22 Define entrepreneur • A person who provides the money to start and own a business

23 Define human capital • The education and skills that people have to produce goods and services

24 Define literacy rate • The rate of people who can read and write who are over the age of 15

25 Define physical capital • Machines and equipment that people need to produce goods and services

26 Define Gross Domestic Product (GDP) • Total value of all the goods and services produced in a country in one year

27 Define natural resources • “gifts of nature” include forests, soil, and water