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