Unit 4 Quizlet Review

5 Written Questions

1. A BAN on on trade and imports from another country
2. constructing (building) a new factory, buying new sewing machines, new computers, etc.
3. The percent of people in a country who can read and write well
4. Russia
5. An economy that operates as a mixture of command and market - business owners AND the government have some control

5 Matching Questions

1. traditional economy
2. acid rain
3. Every economic system address what issues?
4. command economy
5. How do natural resources affect the economy of a country?

1. a rain containing acids that form in the atmosphere when industrial gas emissions (especially sulfur dioxide and nitrogen oxides) combine with water
2. b What products will be made, who can make them, who can buy them and what will the price be?
3. c a system in which the central government makes all economic decisions
4. d An economy based on traditions and customs - no money is involved
5. e When a country has natural resources, they can use them to produce goods or they can sell them to other countries, or use them as sources of energy.

5 Multiple Choice Questions

1. What, how, and for whom products and services should be produced.
   1. Every economic system address what issues?
   2. natural resources
   3. literacy rate
   4. Economic systems address what issues?
2. a mixture of smoke, chemicals, and fog
   1. quota
   2. smog
   3. embargo
   4. Ph
3. traditional
   1. What type of economy do the UK, Germany and Russia have in common?
   2. Which type of economy is least likely to be found in Europe? Market, Command or Traditional?
   3. What is the main cause of air pollution in the United Kingdom today?
   4. What is the relationship between literacy rate and standard of living?
4. a measure of how acidic or basic a solution is
   1. tariff
   2. Ph
   3. smog
   4. quota
5. The value of all goods and services produced WITHIN a country in a year.
   1. command economy
   2. market economy
   3. Gross Domestic Product
   4. mixed economy

5 True/False Questions

1. What were some effects of the nuclear disaster in Chernobyl, Ukraine? → Drinking water was unsafe for months, trees and plants died, people and animals got sick

   True        False

2. Why were other countries concerned about the nuclear disaster in Chernobyl? → Drinking water was unsafe for months, trees and plants died, people and animals got sick

   True        False

3. natural resources → Things provided completly by nature AND can bring a country wealth ex: gold, natural gas

   True        False

4. entrepreneur → A TAX placed on items imported into a country

   True        False

5. tariff → A TAX placed on items imported into a country

   True        False