A) natural resource B) service C) free enterprise D) good
A) demand B) quota C) supply D) tariff
A) command economy B) traditional economy C) mixed economy D) market economy
A) How much to produce? B) What to produce? C) For whom to produce? D) How to produce?
A) government control of industry B) competition between businesses C) free labor D) government control agriculture
A) market B) government C) producers D) consumers
A) machinery B) education C) factories D) roads
A) no one B) private businesses C) the government D) individuals
A) through government regulation B) through bartering C) through shortages and surpluses D) through prices and wages
A) embargo B) mountain C) tariff D) quota
A) Russia B) Cuba C) Germany D) United States
A) tariff B) mountain C) embargo D) quota
A) The government provides food and housing to all workers. B) Businesses are owned by the government. C) A person can start any legal business and charge any price. D) The government provides services, such as telephones and television.
A) Individuals made economic decisions based on supply and demand. B) Workers made most of the economic decisions for the country. C) The central government planned the economy for the entire nation. D) Its economics were controlled mainly by the global economy.
A) A country's economy is more successful when workers have good education and health care. B) Businesses cannot do all the training needd by workers to be successful. C) A country needs money in order to pay its workers. D) Workers enjoy getting extra training and job opportunities.
A) A leader of a country. B) A worker in a factory. C) A student in a college. D) A person who starts a new business.
A) renewable resources B) imported goods C) people's property D) people's income
A) Russia's natural resources are very difficult to use. B) Russia can easily transport goods to Asia. C) Russia is the richest nation on earth. D) The land in Siberia is very easy to farm.
A) traditional B) command C) market D) mixed
A) All are examples of mixed economies. B) All are examples of pure market economies. C) All are examples of command economies. D) All are examples of traditional economies.
A) command B) market C) traditional D) mixed
A) Exports a wide variety of products. B) Needs to import more products. C) Should import fewer products. D) Does not need to import or export.
A) supply B) tariff C) demand D) quota
A) mixed economy B) market economy C) traditional economy D) command economy
A) tariff B) quota C) subsidy D) embargo
A) investment in capital goods B) investment in human capital C) opportunity costs D) gross domestic product
A) opportunity costs B) gross domestic product C) entrepeneur D) trade surplus
A) the United States, Mexico, and the islands of the Caribbean B) the United States, the United Kingdom, and Germany C) the United States, Canada, and the United Kingdom D) United States, Canada, and Mexico
A) The government controls most of the businesses in the country. B) Companies produce goods of their choice and consumers decide whether to buy the goods. C) Basic goods in the country are provided to all people without charge. D) Workers are guaranteeded a pay raise every year.
A) A combination of a privately-owned industry and government control. B) Prices and wages are solely regulated by a country's government. C) The government controls all businesses. D) A country's distribution of resources is based on inheritance.
A) All are examples of mixed ecoonomies that are mostly market economies with some elements of command economies. B) All are examples of pure command economies. C) All are examples of pure market economies. D) All are examples of mixed economies that are mostly command economies with some elements of market economies.
A) tariff B) exchange rate C) quota D) embargo
A) using currency to pay B) paying for services by check C) bartering with a seller D) charging goods on a credit card
A) gross domestic product B) investment in human capital C) opportunity costs D) investment in capital goods |