A) service B) good C) free enterprise D) natural resource
A) quota B) tariff C) supply D) demand
A) market economy B) traditional economy C) mixed economy D) command economy
A) For whom to produce? B) What to produce? C) How much to produce? D) How to produce?
A) competition between businesses B) government control of industry C) free labor D) government control agriculture
A) consumers B) market C) government D) producers
A) education B) machinery C) factories D) roads
A) no one B) the government C) private businesses D) individuals
A) through prices and wages B) through bartering C) through shortages and surpluses D) through government regulation
A) embargo B) tariff C) mountain D) quota
A) Germany B) Russia C) United States D) Cuba
A) tariff B) quota C) mountain D) embargo
A) Businesses are owned by the government. B) A person can start any legal business and charge any price. C) The government provides services, such as telephones and television. D) The government provides food and housing to all workers.
A) Its economics were controlled mainly by the global economy. B) Individuals made economic decisions based on supply and demand. C) Workers made most of the economic decisions for the country. D) The central government planned the economy for the entire nation.
A) A country's economy is more successful when workers have good education and health care. B) A country needs money in order to pay its workers. C) Workers enjoy getting extra training and job opportunities. D) Businesses cannot do all the training needd by workers to be successful.
A) A worker in a factory. B) A student in a college. C) A leader of a country. D) A person who starts a new business.
A) people's property B) people's income C) imported goods D) renewable resources
A) The land in Siberia is very easy to farm. B) Russia is the richest nation on earth. C) Russia's natural resources are very difficult to use. D) Russia can easily transport goods to Asia.
A) command B) traditional C) market D) mixed
A) All are examples of traditional economies. B) All are examples of command economies. C) All are examples of pure market economies. D) All are examples of mixed economies.
A) mixed B) command C) traditional D) market
A) Needs to import more products. B) Does not need to import or export. C) Exports a wide variety of products. D) Should import fewer products.
A) quota B) demand C) tariff D) supply
A) market economy B) traditional economy C) mixed economy D) command economy
A) quota B) subsidy C) embargo D) tariff
A) opportunity costs B) investment in human capital C) gross domestic product D) investment in capital goods
A) entrepeneur B) trade surplus C) gross domestic product D) opportunity costs
A) the United States, Mexico, and the islands of the Caribbean B) United States, Canada, and Mexico C) the United States, the United Kingdom, and Germany 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) Companies produce goods of their choice and consumers decide whether to buy the goods. D) Workers are guaranteeded a pay raise every year.
A) Prices and wages are solely regulated by a country's government. B) The government controls all businesses. 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 ecoonomies that are mostly market economies with some elements of command economies. B) All are examples of pure market economies. C) All are examples of pure command economies. D) All are examples of mixed economies that are mostly command economies with some elements of market economies.
A) quota B) embargo C) exchange rate D) tariff
A) using currency to pay B) charging goods on a credit card C) bartering with a seller D) paying for services by check
A) investment in capital goods B) investment in human capital C) opportunity costs D) gross domestic product |