Download Economy

Governments
&
Economies
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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?