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