A) service B) good C) natural resource D) free enterprise
A) tariff B) demand C) quota D) supply
A) market economy B) command economy C) traditional economy D) mixed economy
A) What to produce? B) For whom to produce? C) How much to produce? D) How to produce?
A) government control of industry B) government control agriculture C) competition between businesses D) free labor
A) producers B) consumers C) government D) market
A) roads B) factories C) education D) machinery
A) the government B) private businesses C) no one D) individuals
A) through prices and wages B) through shortages and surpluses C) through bartering D) through government regulation
A) quota B) tariff C) mountain D) embargo
A) Cuba B) United States C) Russia D) Germany
A) quota B) mountain C) embargo D) tariff
A) A person can start any legal business and charge any price. B) The government provides food and housing to all workers. C) Businesses are owned by the government. D) The government provides services, such as telephones and television.
A) Workers made most of the economic decisions for the country. B) Individuals made economic decisions based on supply and demand. C) The central government planned the economy for the entire nation. D) Its economics were controlled mainly by the global economy.
A) Workers enjoy getting extra training and job opportunities. B) Businesses cannot do all the training needd by workers to be successful. C) A country needs money in order to pay its workers. D) A country's economy is more successful when workers have good education and health care.
A) A person who starts a new business. B) A leader of a country. C) A worker in a factory. D) A student in a college.
A) people's income B) people's property C) renewable resources D) imported goods
A) The land in Siberia is very easy to farm. B) Russia can easily transport goods to Asia. C) Russia's natural resources are very difficult to use. D) Russia is the richest nation on earth.
A) command B) mixed C) traditional D) market
A) All are examples of pure market economies. B) All are examples of mixed economies. C) All are examples of traditional economies. D) All are examples of command economies.
A) command B) traditional C) market D) mixed
A) Should import fewer products. B) Needs to import more products. C) Exports a wide variety of products. D) Does not need to import or export.
A) demand B) quota C) supply D) tariff
A) mixed economy B) market economy C) command economy D) traditional economy
A) embargo B) tariff C) quota D) subsidy
A) gross domestic product B) investment in capital goods C) opportunity costs D) investment in human capital
A) entrepeneur B) trade surplus C) opportunity costs D) gross domestic product
A) United States, Canada, and Mexico B) the United States, the United Kingdom, and Germany C) the United States, Mexico, and the islands of the Caribbean D) the United States, Canada, and the United Kingdom
A) Basic goods in the country are provided to all people without charge. B) The government controls most of the businesses in the country. C) Workers are guaranteeded a pay raise every year. D) Companies produce goods of their choice and consumers decide whether to buy the goods.
A) The government controls all businesses. B) Prices and wages are solely regulated by a country's government. C) A country's distribution of resources is based on inheritance. D) A combination of a privately-owned industry and government control.
A) All are examples of mixed economies that are mostly command economies with some elements of market economies. B) All are examples of pure command economies. C) All are examples of pure market economies. D) All are examples of mixed ecoonomies that are mostly market economies with some elements of command economies.
A) tariff B) quota C) embargo D) exchange rate
A) charging goods on a credit card B) paying for services by check C) using currency to pay D) bartering with a seller
A) gross domestic product B) opportunity costs C) investment in human capital D) investment in capital goods |