Economic Understandings Pretest

People who provide the money to start and operate a business are called_________________.

• literates
• entrepreneurs
• democrats
• body guards 

___________ are goods and services sold to other countries

• imports
• exports
• tariffs
• embargos

A ________ is a tax put on goods imported from other countries.

• tariff
• quote
• embargo
• import

A ___________ is a restriction on the amount of a good that can be imported into country.

• tariff
• quota
• embargo
• export

A trade barrier that bans trade with another country is a _____________

• tariff
• quota
• embargo
• import

A type of economy in which the government decides what and how much will be produced is a

• command
• market
• traditional
• mixed

The ______ shows percentage of people who can read and write in a country.

• GDP
• Birth Rate
• Literacy Rate
• Death Rate

Minerals, forests, oil, and water are examples of

• Human Capital
• Capital Goods
• Natural Resources
• Entrepreneurs

People who invest money, time, and effort to start their own businesses are called

• Capital Goods
• Human Capital 
• Entrepreneurs
• Natural Resources

Entrepreneurs help countries' economies grow by creating new jobs.

• True
• False