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