A) Command Economy B) Mixed Economy C) Mixed Market Economy D) Market Economy
A) True B) False
A) False B) True
A) Who will consume the goods and services? B) What goods and services will be produced? C) How will goods and services be produced? D) Why will we have an economic system?
A) % of adults that know how to read and write B) a tax on imports C) money people use to make trade easier D) limited supply of something
A) Market B) Traditional C) Mixed D) Command
A) United Kingdom B) Germany C) Russia D) France
A) there are no tariffs between the countries B) the standard of living is low C) there are no entrepreneurs in the EU D) the currency differs from country to country
A) dollar B) euro C) ruble D) pound
A) Gross Domestic Product B) Foreign Exchange C) Entrepreneurship D) Trade Barriers
A) education and skills training B) buying new computer systems C) building a new factory D) building new roads
A) education and skills training B) building a new factory C) building new roads D) buying new computers
A) an economist B) a geologist C) a banker D) an entrepreneur
A) export B) import C) tariff D) embargo
A) export B) foreign exchange C) capital D) import
A) computers B) oil C) gas D) coal
A) Russia has natural resources but the government will not allow the businesses to access them B) Russia does not have any issues with their natural resources C) Russia has natural resources but the location and the climate make it difficult to gain access to them D) Russia doesn't have any natural resources, they have to import everything
A) Domestic B) Command C) Market D) Traditional
A) Germany B) United Kingdom C) Russia D) Greece
A) quota B) tariff C) euro D) embargo
A) $67.50 B) $22.50 C) $45 D) $33.75
A) Yes B) No
A) Italy B) Russia C) Germany D) United Kingdom
A) The people in Russia did not want to improve their standard of living. B) For years Russia did not invest in their capital resources. C) The educational system is terrible and nobody knows how to read and write. D) Russia's economy isn't suffering. |