Unit 3 Test 2 Grade Raiser

Directions: If you would like to raise your grade on your Unit 3 Test 2 then you MUST complete this mini quiz. You may use your notes in your folder to help you. You will receive 5 points on your test for every question you get correct, so you can receive up to 50 points on your test (up to 100). This is due on or before Monday, November 6th.. If you do not turn this in then the grade you received on your test will remain in the grade book.

  1. In a market economy, the government makes all the economic decisions.
  2. True
  3. False
  1. What kind of government system is usually found with a command economy system?
  2. Democratic
  3. Autocratic
  1. In what economic system does government planning groups makes the basic economic decisions?
  2. Market economy
  3. Command
  4. Traditional
  5. Mixed
  1. How is a parliamentary democracy DIFFERENT from a presidential democracy? (there are TWO correct answers)
  2. In a parliamentary democracy, the citizens directly elect the leader. In a presidential democracy, they do not directly elect the leader
  3. In a presidential democracy, the citizens directly elect the leader. In a parliamentary democracy, they indirectly elect him/her.
  4. In a presidential democracy the leader is called a President. In a parliamentary democracy, the leader is usually called a Prime Minister.
  1. If the US were to stop all trades coming from China, what type of trade barrier would that be?
  2. Tariff
  3. Embargo
  4. Quota
  1. Which of the following is NOT one of the questions that each economic system must answer?
  2. What goods and services will be produced?
  3. Who will consume the goods and services?
  4. Who will make the goods and services?
  5. How will the goods and services be produced?
  1. Who is the head of state in the UK?
  2. Monarch
  3. Chancellor
  4. Prime Minister
  5. President
  1. In what TWO countries do the citizens indirectly elect the leaders?
  2. UK
  3. Russia
  4. Germany
  1. In what economic system are customs and habits of the past used to decide how goods will be produced, distributed and consumed?
  2. Traditional
  3. Market
  4. Mixed
  5. Command
  1. What are TWO things countries must invest in to raise standard of living?
  2. Their workers
  3. Human capital
  4. Capital goods
  5. Natural resources

Unit 3 Test 2 Grade Raiser

Directions: If you would like to raise your grade on your Unit 3 Test 2 then you MUST complete this mini quiz. You may use your notes in your folder to help you. You will receive 5 points on your test for every question you get correct, so you can receive up to 50 points on your test (up to 100). This is due on or before Monday, November 6th. If you do not turn this in then the grade you received on your test will remain in the grade book.

  1. In a market economy, the government makes all the economic decisions.
  2. True
  3. False
  1. What kind of government system is usually found with a command economy system?
  2. Democratic
  3. Autocratic
  1. In what economic system does government planning groups makes the basic economic decisions?
  2. Market economy
  3. Command
  4. Traditional
  5. Mixed
  1. How is a parliamentary democracy DIFFERENT from a presidential democracy? (there are TWO correct answers)
  2. In a parliamentary democracy, the citizens directly elect the leader. In a presidential democracy, they do not directly elect the leader
  3. In a presidential democracy, the citizens directly elect the leader. In a parliamentary democracy, they indirectly elect him/her.
  4. In a presidential democracy the leader is called a President. In a parliamentary democracy, the leader is usually called a Prime Minister.
  1. If the US were to stop all trades coming from China, what type of trade barrier would that be?
  2. Tariff
  3. Embargo
  4. Quota
  1. Which of the following is NOT one of the questions that each economic system must answer?
  2. What goods and services will be produced?
  3. Who will consume the goods and services?
  4. Who will make the goods and services?
  5. How will the goods and services be produced?
  1. Who is the head of state in the UK?
  2. Monarch
  3. Chancellor
  4. Prime Minister
  5. President
  1. In what TWO countries do the citizens indirectly elect the leaders?
  2. UK
  3. Russia
  4. Germany
  1. In what economic system are customs and habits of the past used to decide how goods will be produced, distributed and consumed?
  2. Traditional
  3. Market
  4. Mixed
  5. Command
  1. What are TWO things countries must invest in to raise standard of living?
  2. Their workers
  3. Human capital
  4. Capital goods
  5. Natural resources