Governments & Economies.  Answer the questions within this PowerPoint to help you prepare for the Unit Test.  Remember! We will take the multiple choice.

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Presentation transcript:

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…

 Which country shown in the diagram above has the LEAST free economy? Economy Continuum COMMAND MARKET Cuba Russia Germany UK USA

 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…

 In which country would it be most difficult for a person to start their own business? Economy Continuum COMMAND MARKET Cuba Russia Germany UK USA

 Which type of trade barrier puts a limit on the number of goods brought into the country?

 Which European country is closet to a pure market economy? Economy Continuum COMMAND MARKET Cuba Russia Germany UK USA

 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)…

 In which country would buyers and sellers usually get to determine their own trade prices? Economy Continuum COMMAND MARKET Cuba Russia Germany UK USA

 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 RateNatural Resources United States?High97%Many, including coal Somalia?Low38%Underground, unused Brazil?Medium86%Some petroleum, metals Denmark?High100%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?