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TExES Core Subjects 4-8: Economic Principles 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 "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. Which one of the following statements is correct?

Question 2 2. Which of the following is NOT a way that expansion and improvement of communication has affected the distribution of economic activity?

Question 3 3.

John manages a toy factory that produces toy trains, baby dolls, and race cars. Every day he receives a list from the local government specifying how many toys he must produce, what materials to use, and how much each toy is to be sold for. He organizes the day's work accordingly.

This scenario closely aligns with which of the following?

Question 4 4. Which of the following is NOT a reason that distribution patterns of economic activities have changed over the last few hundred years?

Question 5 5. What is defined as the economic mixing and interdependence of economies across the world through an escalation of cross-cultural movement of goods, services, technologies and wealth?

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Question 6 6. Which of these is NOT an argument against economic globalization?

Question 7 7. Where were farms generally located hundreds of years ago?

Question 8 8. What are economic activities?

Question 9 9. Which term describes the way a society organizes the production, distribution, and consumption of goods and services to meet people's needs and wants?

Question 10 10. What is defined as the bringing in of foreign goods into an economy?

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Question 11 11. In the pre-industrial age, most people produced goods to be

Question 12 12. What is defined as large-scale departure of companies, assets, and wealth from a country due to economic instability or the opportunity for cheaper production?

Question 13 13. Which one of the following economic systems is characterized by state ownership of land and capital, but individuals remaining in control of their labor?

Question 14 14. Which of the following economic systems is characterized by state ownership of all factors of production?

Question 15 15. The Industrial Revolution took place during the

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Question 16 16. Which of the following is NOT something that a traditional manufacturing business might consider when deciding where to locate (for example, during the industrial revolution)?

Question 17 17. What is defined as producing goods only for the consumption and survival of one's family group?

Question 18 18. Exporting is the act of

Question 19 19. What terms denotes a time in which an economy no longer relies on heavy industry and manufacturing, but instead on the offering of services?

Question 20 20. The migrating of people from rural areas to urban ones is known as

TExES Core Subjects 4-8: Economic Principles 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 "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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