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