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