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