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