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