A) Command Economy B) Mixed Economy C) Market Economy D) Mixed Market Economy
A) False B) True
A) True B) False
A) How will goods and services be produced? B) Why will we have an economic system? C) Who will consume the goods and services? D) What goods and services will be produced?
A) a tax on imports B) money people use to make trade easier C) % of adults that know how to read and write D) limited supply of something
A) Traditional B) Market C) Command D) Mixed
A) Russia B) France C) Germany D) United Kingdom
A) there are no tariffs between the countries B) there are no entrepreneurs in the EU C) the standard of living is low D) the currency differs from country to country
A) pound B) ruble C) euro D) dollar
A) Foreign Exchange B) Trade Barriers C) Entrepreneurship D) Gross Domestic Product
A) building a new factory B) education and skills training C) building new roads D) buying new computer systems
A) building a new factory B) buying new computers C) education and skills training D) building new roads
A) a banker B) an entrepreneur C) a geologist D) an economist
A) import B) tariff C) embargo D) export
A) foreign exchange B) import C) capital D) export
A) coal B) oil C) gas D) computers
A) Russia has natural resources but the location and the climate make it difficult to gain access to them B) Russia does not have any issues with their natural resources C) Russia has natural resources but the government will not allow the businesses to access them D) Russia doesn't have any natural resources, they have to import everything
A) Domestic B) Traditional C) Command D) Market
A) United Kingdom B) Russia C) Greece D) Germany
A) embargo B) tariff C) quota D) euro
A) $33.75 B) $45 C) $67.50 D) $22.50
A) No B) Yes
A) Germany B) Russia C) Italy 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. |