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