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CMS6-Unit 3 Test Rev

CMS6-Unit 3 -Environmental & Econmic Forces in EuropeTest Review

QuestionAnswer
Acid Rain is a major environmental concern in which country in Europe? Germany
Air pollution is a major environmental concern in which country in Europe? the United Kingdom
After 1986, Chernobyl, Ukraine, was abandoned. What caused the people to abandon this city? The nuclear power plant exploded and radiation levels were unsafe.
A market economy is very different from a command economy. What feature is found in a market economy? competition
In a traditional economic system people usually exchange goods or services rather than use money. What is an example of this exchange process? bartering with a seller
You are a small business owner who sells computer gaming consoles. You sell this product to teenagers and young adults. You decided to sell consoles because they are easy to build, are popular and make a high profit. Which type of economy do you have? market
In which economic system are the production and distribution of goods owned by private individuals or corporations? market
What best describes a market economy? A person can start any legal business and charge any price.
What type of economy is correctly defined by this statement-Companies produce goods of their choice and consumers decide whether to buy the goods? a market economy
Which term best describes an economic system in which the people—not the government—own land, factories, and businesses? a market economy
What explanation would reflect a country with a mixed economy (i.e., between a pure market and pure command)? A combination of privately-owned industry and government control.
The economic system of communist countries is most closely related to which economic system? command
What do the economic systems of the United Kingdom, Germany, and Russia have in common? All are examples of mixed economies that are mostly market economies with some elements of command economies
The United Kingdom Customs Service has found toxic lead-based paint in toys imported from a Chinese toy-making company. What type of trade barrier would guarantee that no child in the United Kingdom would be exposed to the deadly lead-based paint? embargo
Which word has the same meaning as the economic term "tariff"? Tax
A country's parliament votes to increase tariffs upon goods from another country. This is an example of A representative democracy restricting trade.
Which trade barrier discourages trade by placing a tax on foreign goods? Tariff
What is the purpose of a tariff, such as a protective tariff? To increase the prices of imported goods and protect a country's own industries from foreign competition
The four factors of production are —natural resources (land), human resources (labor), capital resources (buildings and machinery), and entrepreneurship (organization). A popcorn stand and the popcorn popper are examples of which factor of production? capital resources
In a speech, the President says: “My plan will give incentives to companies who provide technology education and training for their employees.” The President’s plan is based on the conclusion that: An investment in human capital will increase the country’s gross domestic product (GDP)
In a speech, the President says: “My plan will give incentives to companies who invest in new computers and wireless communications systems.” The President’s plan is based on the conclusion that: An investment in capital goods will increase the country’s gross domestic product (GDP)
Choose one of the following questions to answer. Be sure to give a complete answer with examples and details from the unit. Be sure to write in complete sentences. What are the causes, effects, and solutions for Europe’s major environmental concerns (acid rain in Germany, and air pollution in England)?
Choose one of the following questions to answer. Be sure to give a complete answer with examples and details from the unit. Be sure to write in complete sentences. How do the three types of economic systems (traditional, command, and market economies) answer the questions of what, how, and for whom to produce?
Choose one of the following questions to answer. Be sure to give a complete answer with examples and details from the unit. Be sure to write in complete sentences. How do trade barriers (tariffs, quotas, and embargoes) hinder voluntary trade from occurring between countries?
Created by: jpkelley