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