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