2 Benchmark (a)

1.

1 point

Which trade barrier limits trade?

tariff

embargo

quota

market

2.

1 point

What were the explorer's goals?

spread religion, trade land, gain wealth

get rich, trade spices, spread religion

get rich, spread religion, gain territory

get territory, get land, stop religion

3.

1 point

Which trade barrier is a government order to stop all trade?

embargo

quota

federation

tariff

4.

1 point

If a country has a high literacy rate, which of the following might demonstrate their standard of living?

no technology

they can't spell technology

there is no need for technology

new technology

5.

1 point

Which of the following is not a trade barrier?

embargo

tariff

quota

quote

6.

1 point

Which of the following is the best way most countries gain wealth?

international trade

taxes (tariffs)

borrowing

stealing

7.

1 point

Explorers wanted colonies in Asia to control

the spice trade

the slave trade

the ocean trade

the gold trade

8.

1 point

Europe's economy suffered by not having enough raw materials so they

traded with other countries to get them

lived without them

grew all raw materials near the ocean

Europe's economy had everything it needed

9.

1 point

Country A does not invest in capital goods, which of the following could result?

slower production because of new machines

slower production because of old machines

faster production because of old machines

faster production because of fast machines

10.

1 point

Samuel de Champlain

Age of Exploration European from France who explored Canada

Age of Exploration European from Portugal who explored America

Age of Exploration European from France who explored Africa

Age of Exploration European from Great Britain who explored Canada

11.

1 point

Which trade barrier puts a tax on goods?

quota

tariff

command

embargo

12.

1 point

Christopher Columbus

Age of Exploration European who explored the Bahamas

Age of Exploration European who explored Australia

Age of Exploration European who explored Portugal

Age of Exploration European who explored Canada

13.

1 point

What is physical capital?

things that come from the environment

tools and machines used to work

people that work

skills and education needed for work

14.

1 point

Vasco de Gama

Age of Exploration European who explored Australia

Age of Exploration European who explored Canada

Age of Exploration European who explored Asia

Age of Exploration European who explored America

15.

1 point

What are capital goods?

skills and education needed for work

things that come from the environment

tools and machines used to work

people that work

16.

1 point

Which of the following is a capital good?

teacher

tree

factory

entrepreneur

17.

1 point

Henry Hudson

Age of Exploration European from Portugal who explored America

Age of Exploration European from France who explored Canada

Age of Exploration European from Great Britain who explored the Canada

Age of Exploration European from France who explored Australia

18.

1 point

Ferdinand Magellan

third to sail around the world

first to sail around the world

fourth to sail around the world

second to sail around the world

19.

1 point

Country X does not invest in human capital, which of the following could result?

educated people with great healthcare options

uneducated people with little healthcare options

newer equipment and new tools

poor quality equipment and old tools

20.

1 point

What is economic growth?

how fast or slow the government spends

the rate at which a country develops economically

how rich or poor the country is

the rate at which a country develops religiously

21.

1 point

Which of the following is human capital?

computers and skills

education and healthcare

machines and factories

entrepreneur and gold

22.

1 point

How are goods and services made?

production

inflation

economic growth

entrepreneurship

23.

1 point

Prince Henry the Navigator

Age of Exploration European who explored Canada

Age of Exploration European who explored America

Age of Exploration European who explored Western Africa

Age of Exploration European who explored Western Asia

24.

1 point

Why was Prince Henry trying to reach Asia by water?

to get a tour

to get to Africa

to get to go around the world

to get there faster

25.

1 point

What are is the standard of living?

where people live

number of people over 15 who can read and write

number of people over 21 who can read and write

how people live

26.

1 point

Which of the following are natural resources?

oil, skills, entrepreneurs

trees, oil, water

trees, people, machines

trains, gold, wind