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