Economics Review

What part of the economic spectrum would you find North Korea?

• On the left

• On the right

• In the middle

• It is traditional so it is not on the spectrum

What part of the economic spectrum would you find the United States?

• On the Left

• On the Right

• In the Middle

• It i not on the line it is traditional

Where would you find a people from the Amazon rain forest on the economic spectrum?

• On the left

• On the right

• in the middle

• Not on the line it is traditional

Justin wants to open a business that sells underwear and his underwear is the best in the world according to the New York Times. Justin is now the third richest man in the world. Which economic system is the country that Justin lives in?

• Communsim

• Socialism

• Free Market

• Traditional

Nationalization is to _________________ as Privatization is to Capitalism.

• Free Market

• Socialism

• Traditional

• Communism

If the government subsidizes part of your income and you are able to get food stamps and fly on the National airlines. But you are still able to open a business what kind of Economic system do you live in?

• Mixed economy

• Free market economy

• Command Economy

• Traditional economy

Using the map and your knowledge of globalization which country would be the most poor?

• 
• 
• 
• 

Which of the following is a good thing about globalization?

• More variety of products and competition

• Increased warfare

• moving jobs to laces with no minimum wage

• loss of global culture

What level of economic activity is the lady in the green (the one on the right)?

• Secondary

• Primary

• Quaternary

• Tertiary

What three countries are in trade agreement of NAFTA

• US, Mexico, and Canada

• US, Greenland, and El Salvador

• Mexico, Canada, and Cuba

• Haiti, Bolivia, Paraguay