1.) Which conclusion is best supported by the data in this table?

1. 1.) Which conclusion is best supported by the data in this table? A. Health care was more expensive in Argentina than in Brazil. B. The quality of life was better in Peru than in Brazil C.Peru had a greater number of young people than Bolivia. D. Bolivia had a lower standard of living than Argentina.

2. Because Saudi Arabia has vast oil reserves, it produces & refines oil.Because of its climate and soils, Columbia grows coffee beans.Because Japan consists of islands, many of its people engage in fishing. 2.) Which conclusion is best supported by the information in these examples? A. Major urban centers are usually found only along rivers. B. Technology has little effect on economic activities. C. The physical geography of an area often affects its economic activities. D. Natural resources are more important than climate to economic activities.

3. 3.) Which picture illustrates someone selling a service?A. Picture 1 C. Picture 3B. Picture 2 D. Picture 4

4. 4.) Which of the following most likely caused the change shown in these photographs? A. use of traditional industries B. participation in international trade C. adoption of a communist economic system D. locating nonrenewable resources

5. 5.) In Indonesia, the government owns large industries and sets some prices. However, private businesses are also encouraged. This country's economic system can best be classified as -- A. traditional B. socialist C. free enterprise D. communist

6. 6.) Which is a main characteristic of a free market economy? A. The government owns the means of production. B. All wage earners are paid the same amount. C. Labor unions are prohibited. D. Businesses are driven by supply &demand and the desire for profits.

7. 7.) An essential characteristic of a communist economy is the -- A. interaction of supply and demand B. organization of worker unions C. privatization of business D. government ownership of property

8. 8.) Which group has the greatest influence in determining what goods and services will be produced in a communist economic system? A.farmers B. government officials C.consumers D. business leaders

9. 9.) Country A has large deposits of iron and the technology to make cars and trucks.  However, it lacks grazing land to raise livestock to create butter.  Country B is covered in rolling fields and has a large supply of cows.  Its farmers are efficient at making large amounts of butter, but they do not produce trucks to carry this butter to cities and ports.  Based on these facts, what is the most likely result? A. Country A will begin to make its own butter. B. Country A and B will trade products with each other C. Country B will start to manufacture its own trucks D. Country B will sell trucks to Country A.

10. A. Types of Economic SystemsB. Characteristics of a Free Enterprise EconomyC. Structure of a Socialist Economic SystemD. Cottage Industries 10.) Which heading best completes the partial outline below? I.  _______________________________      A. Interaction of Supply and Demand      B. Profit Incentive     C. Entrepreneurs

11. 11.) In which economic system would you expect the widest selection of consumer goods? A. free enterprise B. socialist C. traditional D. communist

12. 12.) In a pure market economy, who determines which goods and services are produced and in what quantities? A. government agencies B. consumers and producers C. church hierarchy D. banks and cartels