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