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