A) Mixed Economy B) Mixed Market Economy C) Market Economy D) Command Economy
A) False B) True
A) True B) False
A) What goods and services will be produced? B) Who will consume the goods and services? C) Why will we have an economic system? D) How will goods and services be produced?
A) money people use to make trade easier B) a tax on imports C) limited supply of something D) % of adults that know how to read and write
A) Command B) Market C) Traditional D) Mixed
A) Germany B) Russia C) United Kingdom D) France
A) the standard of living is low B) there are no tariffs between the countries C) the currency differs from country to country D) there are no entrepreneurs in the EU
A) pound B) ruble C) euro D) dollar
A) Gross Domestic Product B) Trade Barriers C) Foreign Exchange D) Entrepreneurship
A) building a new factory B) building new roads C) education and skills training D) buying new computer systems
A) building new roads B) building a new factory C) buying new computers D) education and skills training
A) an entrepreneur B) an economist C) a banker D) a geologist
A) tariff B) import C) embargo D) export
A) foreign exchange B) export C) import D) capital
A) oil B) gas C) computers D) coal
A) Russia doesn't have any natural resources, they have to import everything B) Russia has natural resources but the location and the climate make it difficult to gain access to them C) Russia has natural resources but the government will not allow the businesses to access them D) Russia does not have any issues with their natural resources
A) Command B) Market C) Traditional D) Domestic
A) Germany B) Greece C) Russia D) United Kingdom
A) tariff B) euro C) quota D) embargo
A) $22.50 B) $45 C) $67.50 D) $33.75
A) No B) Yes
A) United Kingdom B) Italy C) Germany D) Russia
A) The people in Russia did not want to improve their standard of living. B) Russia's economy isn't suffering. C) The educational system is terrible and nobody knows how to read and write. D) For years Russia did not invest in their capital resources. |