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