UNIT 7 EXAM (RACMMS) Riggins
By Dominique Riggins
starstarstarstarstarstarstarstarstarstar
Last updated over 6 years ago
21 Questions
1 point
1
Question 1
1.
Select ALL of the following answer choices that are examples of capital goods?
Select ALL of the following answer choices that are examples of capital goods?
1 point
1
Question 2
2.
Select ALL of the following answer choices that are examples of human capital.
Select ALL of the following answer choices that are examples of human capital.
1 point
1
Question 3
3.
Machinery, factories, computers, and equipment are all examples of __________________________________.
Machinery, factories, computers, and equipment are all examples of __________________________________.
1 point
1
Question 4
4.
Computer skills, reading and writing skills, job training, education, and healthcare are all examples of ______________________.
Computer skills, reading and writing skills, job training, education, and healthcare are all examples of ______________________.
1 point
1
Question 5
5.
If a country has a LOW Literacy rate them most likely they will have a HIGH standard of living?
If a country has a LOW Literacy rate them most likely they will have a HIGH standard of living?
1 point
1
Question 6
6.
Select all of the following that are natural resources
Select all of the following that are natural resources
1 point
1
Question 7
7.
Based on the economic continuum, in which country would citizens MOST LIKELY have the highest level of individual freedom in the economy?
Based on the economic continuum, in which country would citizens MOST LIKELY have the highest level of individual freedom in the economy?
1 point
1
Question 8
8.
Under which economic system would everything MOST LIKELY be owned and controlled by the government?
Under which economic system would everything MOST LIKELY be owned and controlled by the government?
1 point
1
Question 9
9.
Canada trades with the United States more than it does with any other country. Industrially, private ownership among its citizens has made Canada one of the most advanced countries in the Western Hemisphere, with massive investment taking place since 1994. Still, over 1 million people live in government-owned housing and millions more are covered by government operated health care.
These facts show that Canada has a
Canada trades with the United States more than it does with any other country. Industrially, private ownership among its citizens has made Canada one of the most advanced countries in the Western Hemisphere, with massive investment taking place since 1994. Still, over 1 million people live in government-owned housing and millions more are covered by government operated health care.
These facts show that Canada has a
1 point
1
Question 10
10.
Based on the economic continuum, in which country would citizens MOST LIKELY have the highest level of government regulation in the economy?
Based on the economic continuum, in which country would citizens MOST LIKELY have the highest level of government regulation in the economy?
1 point
1
Question 11
11.
Which law signed by Bill Clinton in 1994 economically ties Canada, the US, and Mexico together by eliminating tariffs between those 3 nations?
Which law signed by Bill Clinton in 1994 economically ties Canada, the US, and Mexico together by eliminating tariffs between those 3 nations?
1 point
1
Question 12
12.
Tariffs, quotas, embargos, and subsidies are examples of
Tariffs, quotas, embargos, and subsidies are examples of
1 point
1
Question 13
13.
What is the definition of an embargo?
What is the definition of an embargo?
1 point
1
Question 14
14.
In a traditional economy, the decision to make (or not make) certain products is decided MOSTLY by
In a traditional economy, the decision to make (or not make) certain products is decided MOSTLY by
1 point
1
Question 15
15.
The average literacy rates in Canada is roughly 99%. The average literacy rates of countries in Southeast Asia is approximately 70%.
Based on this information, which of these is most likely to be true?
The average literacy rates in Canada is roughly 99%. The average literacy rates of countries in Southeast Asia is approximately 70%.
Based on this information, which of these is most likely to be true?
1 point
1
Question 16
16.
Which of the following would you LEAST likely find in Canada?
Which of the following would you LEAST likely find in Canada?
1 point
1
Question 17
17.
In a speech before the members of NAFTA, the Prime Minister of Canada urged all nations of North America to increase their funding of education programs. "Without the proper background in reading, math, and science, we cannot expect the students of today to become the productive workers of tomorrow. An investment in education is an investment in all secured financial future."
In a speech before the members of NAFTA, the Prime Minister of Canada urged all nations of North America to increase their funding of education programs. "Without the proper background in reading, math, and science, we cannot expect the students of today to become the productive workers of tomorrow. An investment in education is an investment in all secured financial future."
1 point
1
Question 18
18.
Which of these BEST represents capital goods investment for a company?
Which of these BEST represents capital goods investment for a company?
1 point
1
Question 19
19.
GDP Per Capita(in current US$)
- Canada: $45,790
- Australia: $43,340
- Russia: $11,400
- Colombia: $26,435
Based on these figures, which statement is MOST likely to be true?
GDP Per Capita(in current US$)
- Canada: $45,790
- Australia: $43,340
- Russia: $11,400
- Colombia: $26,435
Based on these figures, which statement is MOST likely to be true?
1 point
1
Question 20
20.
According to 2010 CIA statistics, the literacy rate in Paraguay is approximately 88%, while the literacy rate in Belize is 98%. What is the MOST LIKELY result of this difference?
According to 2010 CIA statistics, the literacy rate in Paraguay is approximately 88%, while the literacy rate in Belize is 98%. What is the MOST LIKELY result of this difference?
1 point
1
Question 21
21.
What language is the official language of the Candian province highlighted in RED?
What language is the official language of the Candian province highlighted in RED?