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