A) good B) free enterprise C) service D) natural resource
A) quota B) tariff C) supply D) demand
A) mixed economy B) market economy C) command economy D) traditional economy
A) How much to produce? B) For whom to produce? C) What to produce? D) How to produce?
A) government control of industry B) government control agriculture C) competition between businesses D) free labor
A) government B) consumers C) producers D) market
A) machinery B) factories C) education D) roads
A) private businesses B) individuals C) no one D) the government
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) Germany B) United States C) Russia D) Cuba
A) embargo B) mountain C) quota D) tariff
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) 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) A country's economy is more successful when workers have good education and health care. B) Workers enjoy getting extra training and job opportunities. C) Businesses cannot do all the training needd by workers to be successful. D) A country needs money in order to pay its workers.
A) A worker in a factory. B) A person who starts a new business. C) A student in a college. D) A leader of a country.
A) people's property B) imported goods C) people's income D) renewable resources
A) Russia is the richest nation on earth. B) Russia can easily transport goods to Asia. C) Russia's natural resources are very difficult to use. D) The land in Siberia is very easy to farm.
A) mixed B) command C) traditional D) market
A) All are examples of command economies. B) All are examples of mixed economies. C) All are examples of pure market economies. D) All are examples of traditional economies.
A) mixed B) traditional C) command D) market
A) Should import fewer products. B) Does not need to import or export. C) Needs to import more products. D) Exports a wide variety of products.
A) quota B) tariff C) supply D) demand
A) traditional economy B) mixed economy C) market economy D) command economy
A) tariff B) subsidy C) quota D) embargo
A) investment in human capital B) gross domestic product C) investment in capital goods D) opportunity costs
A) gross domestic product B) trade surplus C) opportunity costs D) entrepeneur
A) United States, Canada, and Mexico B) the United States, Canada, and the United Kingdom C) the United States, the United Kingdom, and Germany D) the United States, Mexico, and the islands of the Caribbean
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) The government controls all businesses. B) A country's distribution of resources is based on inheritance. 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 mixed economies that are mostly command economies with some elements of market economies. C) All are examples of mixed ecoonomies that are mostly market economies with some elements of command economies. D) All are examples of pure command economies.
A) exchange rate B) tariff C) quota D) embargo
A) bartering with a seller B) charging goods on a credit card C) paying for services by check D) using currency to pay
A) opportunity costs B) investment in capital goods C) investment in human capital D) gross domestic product |