A) good B) natural resource C) free enterprise D) service
A) tariff B) demand C) quota D) supply
A) mixed economy B) command economy C) market economy D) traditional economy
A) How to produce? B) How much to produce? C) For whom to produce? D) What to produce?
A) government control of industry B) competition between businesses C) government control agriculture D) free labor
A) producers B) consumers C) market D) government
A) factories B) education C) machinery D) roads
A) no one B) private businesses C) the government D) individuals
A) through government regulation B) through shortages and surpluses C) through bartering D) through prices and wages
A) mountain B) tariff C) quota D) embargo
A) United States B) Russia C) Cuba D) Germany
A) mountain B) embargo C) tariff D) quota
A) The government provides food and housing to all workers. B) A person can start any legal business and charge any price. C) Businesses are owned by the government. D) The government provides services, such as telephones and television.
A) Workers made most of the economic decisions for the country. B) Its economics were controlled mainly by the global economy. C) Individuals made economic decisions based on supply and demand. D) The central government planned the economy for the entire nation.
A) Workers enjoy getting extra training and job opportunities. B) Businesses cannot do all the training needd by workers to be successful. C) A country's economy is more successful when workers have good education and health care. D) A country needs money in order to pay its workers.
A) A student in a college. B) A person who starts a new business. C) A leader of a country. D) A worker in a factory.
A) renewable resources B) people's income C) people's property D) imported goods
A) The land in Siberia is very easy to farm. B) Russia can easily transport goods to Asia. C) Russia's natural resources are very difficult to use. D) Russia is the richest nation on earth.
A) command B) mixed C) market D) traditional
A) All are examples of traditional economies. B) All are examples of mixed economies. C) All are examples of command economies. D) All are examples of pure market economies.
A) traditional B) command C) market D) mixed
A) Exports a wide variety of products. B) Needs to import more products. C) Should import fewer products. D) Does not need to import or export.
A) demand B) tariff C) supply D) quota
A) mixed economy B) market economy C) traditional economy D) command economy
A) tariff B) subsidy C) embargo D) quota
A) opportunity costs B) gross domestic product C) investment in capital goods D) investment in human capital
A) gross domestic product B) entrepeneur C) trade surplus D) opportunity costs
A) the United States, the United Kingdom, and Germany B) United States, Canada, and Mexico C) the United States, Mexico, and the islands of the Caribbean D) the United States, Canada, and the United Kingdom
A) Basic goods in the country are provided to all people without charge. B) The government controls most of the businesses in the country. C) Companies produce goods of their choice and consumers decide whether to buy the goods. D) Workers are guaranteeded a pay raise every year.
A) A country's distribution of resources is based on inheritance. B) Prices and wages are solely regulated by a country's government. C) The government controls all businesses. D) A combination of a privately-owned industry and government control.
A) All are examples of mixed ecoonomies that are mostly market economies with some elements of command economies. B) All are examples of pure command economies. C) All are examples of pure market economies. D) All are examples of mixed economies that are mostly command economies with some elements of market economies.
A) embargo B) exchange rate C) tariff D) quota
A) using currency to pay B) bartering with a seller C) charging goods on a credit card D) paying for services by check
A) opportunity costs B) investment in capital goods C) investment in human capital D) gross domestic product |