Transcript Economy
Governments & Economies Answer the questions within this PowerPoint to help you prepare for the Unit Test. Remember! We will take the multiple choice portion of the test on Wednesday 12/17 and the short answer questions on Thursday 12/18. HINT: these may or may not be the questions you will see on the test ◦ Hint hint, wink wink ;) Choose the United Kingdom, Germany, OR Russia. Describe its government, including what system of government it has, what form of government it has, and who its leaders are. In the United States, power is shared between the state governments and the national government in Washington, D.C. This means that the government system of the United States is… In the former Soviet Union, one man, Josef Stalin, got to make all the decisions for his country. This means that the Soviet Union was this form of government… In which two forms of government do the people have no voting rights? In France, all power is in the hands of the central government. The states have hardly any power at all. This means that France’s government system is… The main difference between a parliamentary and a presidential democracy is that… The person with executive power in the United Kingdom is the prime minister. He or she is chosen by the… What is the currency for most European Union countries? The main reason that the European Union was created was to… In Cuba, the government controls all decisions about money. Cuba is a… Most economies have characteristics of a command economy and a market economy, we say that they are… Economy Continuum COMMAND Cuba Russia Which Germany UK MARKET USA country shown in the diagram above has the LEAST free economy? In third world countries, some people live and make trading decisions based on their past and the way things have always been. These people live in a… COMMAND Economy Continuum Cuba Russia In Germany UK MARKET USA which country would it be most difficult for a person to start their own business? Which type of trade barrier puts a limit on the number of goods brought into the country? Economy Continuum COMMAND Cuba Russia Which Germany UK MARKET USA European country is closet to a pure market economy? In order to help Russian farmers sell more food, some people want to put a tax on any food brought in from other countries. This is an example of a(n)… COMMAND Economy Continuum Cuba Russia In Germany UK MARKET USA which country would buyers and sellers usually get to determine their own trade prices? What is the name for a trade barrier where trade is completely stopped or prohibited? What would make an embargo against a country successful? Which is an example of investing in capital goods by a company? What is the term used to switch between dollars and euros when you travel? Which is an example of investing in human capital? A capital good is: Explain the difference between a market and a command economy. How do these economic systems answer the three economic questions? What would be an example of an investment in human capital in France during an economic boom? Natural resources are: What is an example of a natural resource? An entrepreneur is: Country GDP per capita Capital (money in technology) Literacy Rate Natural Resources United States ? High 97% Many, including coal Somalia ? Low 38% Underground, unused Brazil ? Medium 86% Some petroleum, metals Denmark ? High 100% Petroleum, natural gas According to this chart, in which country are most adults able to read? According to this chart, the poorest country (the one with the lowest GDP) should be? Provide an example of an entrepreneur?