2. A. the amount of money a country can
print
B. an indicator of how the stock market is
performing
C. countries with the ability to produce
natural resources
D. the way a country manages it money
and resources to produce, buy and sell
goods.
3. A. a nation’s stock market
B. a nation’s GDP (gross domestic
product)
C. a nation’s government system
D. a nation’s leader
4. A. a system where consumers and
businesses control all aspects decisions
making and the market
B. a system where government controls
all decisions made in business and
ownership
C. where customs (bartering) and habit
control the market
D. A government agency that issues
bank deposits
5. A. a system where consumers and
businesses control all aspects decisions
making and the market
B. a system where government controls
all decisions made in business and
ownership
C. A system where bartering goods,
customs, and no currency exist
D. a system that combines both market
and command economies
6. A. Nation’s do not thrive under competition.
B. Nation’s take the best of both economy
styles in order to have a free market but
governmental control to protect the
consumers.
C. Nation’s expect consumers to want more
governmental control in the market.
D. Trade barriers are kept at minimum
under mixed economic systems.
7. A. Someone who studies business in
France.
B. A business that monopolizes on a
variety of goods and services.
C. A person who risks their own
finances to start a new business.
D. A business that operates under a
command economy.
8. A. A total amount of all businesses in a
country.
B. A total of the population who
produces goods for a nation per year.
C. A total of all goods and services
produces in a nation per year.
D. A total of all the machines and
factories used to produce goods in a
year
9. A. Natural resources provide solutions
to command economies.
B. Natural resources can become
economic specializations which can be
purchased by other nations.
C. Natural resources can produce more
human capital and capital goods that
nation may lack.
D. Natural resources have very little
effect on a nation’s economy.
10. A. Israel has more economic
specializations than Saudi Arabia and
Turkey.
B. Saudi Arabia and Turkey do not sell
goods on the global market.
C. Israel’s GDP per capita is much higher
compared to that of Saudi Arabia and
Turkey.
D. Israel has a relatively lower GDP per
capita compared to Saudi Arabia and
Turkey.
11. A. It is an nations main import.
B. It is a nations main currency used for
goods produced.
C. It is all the skills and education a
workers in a nation gain to raise the
GDP.
D. It is a product that a nation produces
in large amounts that earns the nation
the most money.