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