A) Command Economy B) Market Economy C) Mixed Market Economy D) Mixed Economy
A) True B) False
A) True B) False
A) Who will consume the goods and services? B) Why will we have an economic system? C) How will goods and services be produced? D) What goods and services will be produced?
A) % of adults that know how to read and write B) money people use to make trade easier C) a tax on imports D) limited supply of something
A) Command B) Traditional C) Market D) Mixed
A) Russia B) Germany C) France 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) euro B) pound C) dollar D) ruble
A) Foreign Exchange B) Gross Domestic Product C) Trade Barriers D) Entrepreneurship
A) buying new computer systems B) building a new factory C) building new roads D) education and skills training
A) building new roads B) building a new factory C) buying new computers D) education and skills training
A) an economist B) an entrepreneur C) a geologist D) a banker
A) export B) import C) tariff D) embargo
A) export B) import C) foreign exchange D) capital
A) oil B) gas C) coal D) computers
A) Russia has natural resources but the government will not allow the businesses to access them B) Russia doesn't have any natural resources, they have to import everything C) Russia does not have any issues with their natural resources D) Russia has natural resources but the location and the climate make it difficult to gain access to them
A) Command B) Market C) Domestic D) Traditional
A) Germany B) Greece C) United Kingdom D) Russia
A) euro B) tariff C) embargo D) quota
A) $45 B) $22.50 C) $67.50 D) $33.75
A) No B) Yes
A) Italy B) United Kingdom C) Germany D) Russia
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. |