Unit Test — Unit test Answers

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What role do government agencies play in a mixed market economy?

A
They run shipping companies and other sources of distribution.
B
They own farms, factories, and other sources of production.
C
They regulate some aspects of production and distribution.
D
They employ most of the workers in the economic system.
2
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The image shows a portion of the US Constitution.The US Constitution’s democratic ideology is most significant in Westernization because it is

Question illustration
A
an export of Western culture.
B
the economic basis of Westernization.
C
the most popular aspect of Western culture.
D
accepted beyond the West, into the Middle East.
3

In a republic, elected officials create laws to regulate the economy.

A
T
B
F
4

What are the cons of a mixed market economy for most citizens? Select four answers.

A
There may be a sizable gap between rich and poor people.
B
It can be very difficult for citizens to start private businesses.
C
Citizens must pay for most basic necessities by themselves.
D
There is no guarantee of steady employment for many citizens.
E
Citizens may pay higher taxes than in other economic systems.
F
Citizens often purchase their own health care and higher education.
5

The fact that economies can trade products almost instantly online supports which ideas? Check all that apply.

A
Modern technology speeds up cultural diffusion.
B
Modern technology could interfere with the process of globalization.
C
Culture is best spread with face-to-face interaction between people.
D
Globalization is occurring at a faster rate today than in the past.
E
Online trading is an authentic way to spread culture.
6

Various models explain the geography of economic development. How do the Brandt line, Walt Rostow's Modernization model, neocolonialism, and Wallerstein's world systems theory inform and intersect with each other when explaining economic development?

Answer not available
7

Underdeveloped nations have high birth rates, high death rates, and low life expectancies. Based on what you have learned about barriers to economic development, why do underdeveloped nations have these demographics?

Answer not available
8

Unregulated businesses, undocumented cash payments, coerced labor, and bartering are part of the __________ sector.

A
informal
B
primary
C
formal
D
quinary

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