A) Mixed Market Economy B) Market Economy C) Command Economy D) Mixed Economy
A) False B) True
A) True B) False
A) How will goods and services be produced? B) What goods and services will be produced? C) Why will we have an economic system? D) Who will consume the goods and services?
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) Traditional C) Mixed D) Command
A) Germany B) United Kingdom C) Russia D) France
A) there are no entrepreneurs in the EU B) there are no tariffs between the countries C) the standard of living is low D) the currency differs from country to country
A) pound B) euro C) dollar D) ruble
A) Gross Domestic Product B) Trade Barriers C) Entrepreneurship D) Foreign Exchange
A) buying new computer systems B) building a new factory C) building new roads D) education and skills training
A) education and skills training B) buying new computers C) building new roads D) building a new factory
A) a geologist B) an entrepreneur C) an economist D) a banker
A) import B) embargo C) tariff D) export
A) import B) capital C) foreign exchange D) export
A) gas B) computers C) coal D) oil
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 doesn't have any natural resources, they have to import everything D) Russia does not have any issues with their natural resources
A) Command B) Market C) Domestic D) Traditional
A) Russia B) Greece C) United Kingdom D) Germany
A) quota B) tariff C) euro D) embargo
A) $45 B) $22.50 C) $67.50 D) $33.75
A) No B) Yes
A) Germany B) Italy 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) The people in Russia did not want to improve their standard of living. D) Russia's economy isn't suffering. |