Bagley 6th Grade European Economics

All modern countries are considered to be mixed economies that lean towards ______.

What is NOT one of the three basic questions that economic systems answer?

What is the problem with exchanging currency?

What type of economy? Subway has no government regulations in how to handle its lettuce.

Someone who is willing to take a risk to start their own business is a(n)?

Russian currency is the Euro.

Germany and the U.K. are mixed economies that lean towards ______.

In the UK, who decides which goods will be produced and sold?

_____ is an example of investing in human capital and increasing the GDP.

Lead is found in imported toys. What kind of trade barrier would keep these from being sold?

How do you raise the GDP of a country?

What is a government order to stop trade called?

When someone does something for you, they are offering you _____.

What is a tax on imports?

Scarcity is the unlimited supply of something.

If you are investing in modern equipment, you are investing in what?

Which is an example of a traditional economy in Europe?

Which natural resources have helped Russia's economy in the 21st century?

In ______ economies, customs and habits from the past determine what job you will have.

This is used to determine how rich or poor a country is: _____.

When you are investing in a person's education, health and training, you are investing in ____.

Parliament votes to increase tariffs upon goods from another country; this is an example of __.

Which describes a mixed economy?

There is no country that is pure market or pure command.

Which is an economic system in which people (not gov't) own land, factories, and businesses.

Which term is not a trade barrier?

The former Soviet Union was an example of what economic system?

Why do people exchange currency?

Natural Resources are important to a nation's economy.

The economic system of communist countries is most closely related to ____.