A) natural resource B) free enterprise C) service D) good
A) supply B) quota C) demand D) tariff
A) market economy B) command economy C) traditional economy D) mixed economy
A) For whom to produce? B) How to produce? C) How much to produce? D) What to produce?
A) government control of industry B) free labor C) government control agriculture D) competition between businesses
A) consumers B) market C) producers D) government
A) roads B) factories C) machinery D) education
A) individuals B) no one C) the government D) private businesses
A) through government regulation B) through shortages and surpluses C) through bartering D) through prices and wages
A) quota B) tariff C) embargo D) mountain
A) Russia B) United States C) Germany D) Cuba
A) tariff B) embargo C) mountain D) quota
A) Businesses are owned by the government. B) The government provides food and housing to all workers. C) A person can start any legal business and charge any price. D) The government provides services, such as telephones and television.
A) The central government planned the economy for the entire nation. B) Individuals made economic decisions based on supply and demand. C) Workers made most of the economic decisions for the country. D) Its economics were controlled mainly by the global economy.
A) A country needs money in order to pay its workers. 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's economy is more successful when workers have good education and health care.
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) renewable resources C) people's property D) imported goods
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) mixed B) traditional C) command D) market
A) All are examples of mixed economies. B) All are examples of command economies. C) All are examples of pure market economies. D) All are examples of traditional economies.
A) market B) traditional C) mixed D) command
A) Does not need to import or export. B) Should import fewer products. C) Needs to import more products. D) Exports a wide variety of products.
A) tariff B) demand C) quota D) supply
A) mixed economy B) command economy C) traditional economy D) market economy
A) tariff B) quota C) subsidy D) embargo
A) gross domestic product B) investment in human capital C) investment in capital goods D) opportunity costs
A) opportunity costs B) trade surplus 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) 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) 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) embargo B) quota C) tariff D) exchange rate
A) paying for services by check B) bartering with a seller C) charging goods on a credit card D) using currency to pay
A) opportunity costs B) investment in capital goods C) gross domestic product D) investment in human capital |