Which is an example of a command economy?

The government controls the economy

What is NOT an example of an investment in capital?

Giving employees health insurance

In the United Kingdom and Germany, who owns farms and businesses?

Private citizens and businesses

How does human capital positively impact a country's GDP?

If employees perform well GDP increases

Related to human capital, what are two things an employer will invest in?

Education and employee training

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European Government and Economics

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Quiz on European Government and Economics related to Georiga 6th grade Social Studies Standards

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Questions 20

Answers

1
In an autocracy, the power of the government is in the hands of ___________________
A small group of people
A single ruler
Representatives
The people
2
In a command economy, who controls what is produced and how it is produced?
The people
Businesses
Traditions
The government
3
Which of the following country would have the lowest GDP?
Russia
United States
Germany
United Kingdom
4
Which two European countries have a president with ceremonial duties?
Germany and France
UK and Russia
Germany and Russia
UK and Germany
5
Which is an example of a command economy?
Anyone can easily start a new company
Traditional foods are gathered for sale
Anyone can make a profit from hard work
The government controls the economy
6
What is NOT one of the three questions that every economic systems must answer?
How to produce?
For whom to produce?
What to produce?
Why should we produce?
7
What is NOT an example of an investment in capital?
Buying new machines
Improving technology
Giving employees health insurance
Building a new factory
8
In the United Kingdom and Germany, who owns farms and businesses?
The government
Private citizens and businesses
The government and private citizens
The government and businesses
9
Most European countries have which type of economic system?
Traditional
Pure Command
Pure Market
Mixed
10
Which is NOT a productive resource used to produce goods and services?
Natural Resources
GDP
Human Capital
Capital Resources
11
Which country has a Federation as their type of government?
Russia
Ireland
France
UK
12
What is the total market value of the goods and services produced by an economy in a year?
GAP
GDP
GPD
PDG
13
What is a tariff?
A ban of trade between countries
A tax on exported goods
A limit of how much can be imported
A tax on imported goods
14
Which type of economic system is found in simple agricultural societies?
Mixed
Traditional
Command
Market
15
How does human capital positively impact a country's GDP?
If employees perform well GDP decreases
If employees perform well GDP increases
If employees perform poorly GDP increases
If employees perform poorly, GDP decreases
16
GDP is impacted by:
A country's abundance or lack of natural resources
All of the above
Investment in human capital
Investment in capital goods
17
What is the purpose of the European Union?
To have the same government
To make trade easier
To switch to one currency
To increase GDP
18
Related to human capital, what are two things an employer will invest in?
Equipment and technology
Education and technology
Education and equipment
Education and employee training
19
Who is the head of government in the United Kingdom?
The Queen
The President
The Chancellor
The Prime Minister
20
Which economic system is the worst for competition between producers?
Market
Mixed
Traditional
Command

European Government and Economics Flashcards | StudBud