A) Market Economy B) Mixed Market Economy C) Command Economy D) Mixed Economy
A) False B) True
A) True B) False
A) Why will we have an economic system? B) How will goods and services be produced? C) What goods and services will be produced? D) Who will consume the goods and services?
A) money people use to make trade easier B) % of adults that know how to read and write C) limited supply of something D) a tax on imports
A) Market B) Mixed C) Traditional D) Command
A) Germany B) United Kingdom C) France D) Russia
A) there are no entrepreneurs in the EU B) there are no tariffs between the countries C) the standard of living is low D) the currency differs from country to country
A) pound B) dollar C) ruble D) euro
A) Entrepreneurship B) Gross Domestic Product C) Trade Barriers D) Foreign Exchange
A) education and skills training B) buying new computer systems C) building a new factory D) building new roads
A) buying new computers B) building new roads C) education and skills training D) building a new factory
A) a geologist B) a banker C) an entrepreneur D) an economist
A) export B) embargo C) tariff D) import
A) import B) capital C) foreign exchange D) export
A) gas B) coal C) computers D) oil
A) Russia does not have any issues with their natural resources 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 doesn't have any natural resources, they have to import everything
A) Traditional B) Domestic C) Command D) Market
A) Russia B) Germany C) Greece D) United Kingdom
A) euro B) tariff C) embargo D) quota
A) $67.50 B) $22.50 C) $33.75 D) $45
A) Yes B) No
A) Italy B) Russia C) United Kingdom D) Germany
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. |