A) service B) good C) free enterprise D) natural resource
A) supply B) quota C) demand D) tariff
A) mixed economy B) market economy C) traditional economy D) command economy
A) For whom to produce? B) How much to produce? C) How to produce? D) What to produce?
A) government control of industry B) competition between businesses C) free labor D) government control agriculture
A) producers B) government C) consumers D) market
A) machinery B) factories C) roads D) education
A) individuals B) private businesses C) the government D) no one
A) through government regulation B) through bartering C) through shortages and surpluses D) through prices and wages
A) tariff B) quota C) embargo D) mountain
A) Germany B) Cuba C) Russia D) United States
A) mountain B) quota C) tariff D) embargo
A) The government provides food and housing to all workers. B) The government provides services, such as telephones and television. C) Businesses are owned by the government. D) A person can start any legal business and charge any price.
A) Workers made most of the economic decisions for the country. B) Individuals made economic decisions based on supply and demand. C) The central government planned the economy for the entire nation. D) Its economics were controlled mainly by the global economy.
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) A country needs money in order to pay its workers. D) Workers enjoy getting extra training and job opportunities.
A) A student in a college. B) A leader of a country. C) A person who starts a new business. D) A worker in a factory.
A) people's property B) renewable resources C) people's income D) imported goods
A) Russia can easily transport goods to Asia. B) Russia is the richest nation on earth. C) The land in Siberia is very easy to farm. D) Russia's natural resources are very difficult to use.
A) market B) mixed C) command D) traditional
A) All are examples of traditional economies. B) All are examples of pure market economies. C) All are examples of command economies. D) All are examples of mixed economies.
A) traditional B) market C) mixed D) command
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) quota B) tariff C) supply D) demand
A) command economy B) market economy C) traditional economy D) mixed economy
A) tariff B) quota C) embargo D) subsidy
A) opportunity costs B) investment in capital goods C) investment in human capital D) gross domestic product
A) opportunity costs B) gross domestic product C) trade surplus D) entrepeneur
A) the United States, the United Kingdom, and Germany B) United States, Canada, and Mexico C) the United States, Canada, and the United Kingdom D) the United States, Mexico, and the islands of the Caribbean
A) Companies produce goods of their choice and consumers decide whether to buy the goods. B) Basic goods in the country are provided to all people without charge. C) The government controls most of the businesses in the country. 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) A combination of a privately-owned industry and government control. D) The government controls all businesses.
A) All are examples of mixed ecoonomies that are mostly market economies with some elements of command economies. B) All are examples of pure market economies. C) All are examples of mixed economies that are mostly command economies with some elements of market economies. D) All are examples of pure command economies.
A) exchange rate B) embargo C) tariff D) quota
A) charging goods on a credit card B) paying for services by check C) bartering with a seller D) using currency to pay
A) opportunity costs B) investment in human capital C) gross domestic product D) investment in capital goods |