GACE Behavioral Science: Economic Systems Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. The majority of people were employed in which sector of the economy during the mid-19th century in the United States?

Question 2 2. Which activity belongs in the primary sector?

Question 3 3. What form of distribution and exchange is defined as giving with the expressed expectation of immediate return?

Question 4 4. Which of these are most likely NOT true of industrialized societies?

Question 5 5. Which of these approaches signifies the study of how people adapt to their natural environments in order to survive?

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Question 6 6. Societies with a large tertiary sector have more individuals working in the _____ industry.

Question 7 7. Which of the below is most likely NOT true of non-industrialized society?

Question 8 8. How does a commodity economy differ from a gift economy?

Question 9 9. What type of distribution is defined as goods and services given freely, without any immediate expectation of return?

Question 10 10. Michael L. Smith was awarded the Physiology and Entomology Noble prize in 2015 for his research on the sting of honey bees. He contributed to which modern economic sector?

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Question 11 11. Which of these is defined as the studying of the planned-out, rational decisions that a society makes when determining how to use and maximize their resources?

Question 12 12. What is defined as the right to use or enjoy?

Question 13 13. Why do coins also have limitations as a form of currency?

Question 14 14. Which of these is NOT an example of market exchange?

Question 15 15. Which of these is not an example of redistribution?

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Question 16 16. Which of these is NOT an example of a natural resource?

Question 17 17. Which of the following is the MOST likely profile of a person during the time of the gift economy?

Question 18 18. Who is credited with being the first to propose the idea of formal and substantive approaches to economics?

Question 19 19. Which of these would be considered in the realm of substantive economics?

Question 20 20. Why was barter likely NOT the basis of the economy?

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Question 21 21. What type of distribution is occurring when the cost of a good is subject to supply and demand?

Question 22 22. What important shift happened in the history of money around 700 BCE?

Question 23 23. Ancient authority figures began marking commodities with seals in order to

Question 24 24. Which of these was written by Polanyi?

Question 25 25. The president of a land-grant college would be a part of which modern economic sector?

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Question 26 26. What is usually defined as the means in which a society transforms its resources into food and goods?

GACE Behavioral Science: Economic Systems Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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