A) Command Economy B) Mixed Market Economy C) Market Economy D) Mixed Economy
A) False B) True
A) False B) True
A) Who will consume the goods and services? B) What goods and services will be produced? C) How will goods and services be produced? D) Why will we have an economic system?
A) limited supply of something B) % of adults that know how to read and write C) a tax on imports D) money people use to make trade easier
A) Market B) Mixed C) Command D) Traditional
A) France B) United Kingdom C) Russia D) Germany
A) the currency differs from country to country B) the standard of living is low C) there are no tariffs between the countries D) there are no entrepreneurs in the EU
A) euro B) dollar C) ruble D) pound
A) Gross Domestic Product B) Entrepreneurship C) Trade Barriers D) Foreign Exchange
A) building new roads B) building a new factory C) buying new computer systems D) education and skills training
A) building new roads B) building a new factory C) education and skills training D) buying new computers
A) an entrepreneur B) a banker C) a geologist D) an economist
A) tariff B) export C) embargo D) import
A) capital B) import C) foreign exchange D) export
A) oil B) gas C) computers D) coal
A) Russia has natural resources but the government will not allow the businesses to access them B) Russia has natural resources but the location and the climate make it difficult to gain access to them C) Russia does not have any issues with their natural resources D) Russia doesn't have any natural resources, they have to import everything
A) Market B) Traditional C) Domestic D) Command
A) Germany B) Greece C) Russia D) United Kingdom
A) tariff B) quota C) embargo D) euro
A) $22.50 B) $67.50 C) $45 D) $33.75
A) Yes B) No
A) Italy B) Germany C) United Kingdom D) Russia
A) For years Russia did not invest in their capital resources. B) The educational system is terrible and nobody knows how to read and write. C) Russia's economy isn't suffering. D) The people in Russia did not want to improve their standard of living. |