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European Economy KB Flashcards | StudBud
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European Economy KB
European Economy KB
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6th grade European economy
Flashcards
16 cards
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Practice quiz
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Questions
16
Answers
1
Why does eastern Germany have a poorer economy that western Germany?
Eastern Germany had to pay off debt from WWI
East Germany has had to switch from a command economy.
Lack of natural resources
Just because
2
What type of economy do Germany, Russia, and the United Kingdom have?
Market economy
Traditional economy
Mixed economy
Command economy
3
What economy is most common in Europe?
Free Economy
Traditional
Command Economy
Mixed Market Economy
4
Which of the following is found in a market economy
competition
government control of industry
government control of agriculture
guaranteed yearly pay raises
5
exchange (goods or services) for other goods or services without using money.
Barter
Trade
Quota
Embargo
6
Which country has the best economy in Europe?
France
Germany
United Kingdom
Russia
7
Which economic system is characteristic of a communist country?
Market economy
Command economy
Traditional economy
Mixed economy
8
Which economic system is one in which the people own land, factories, and businesses?
Market economy
Traditional economy
Business Economy
Command economy
9
How does the geography of Europe impact the economy?
Mountains block the roads
Navigable rivers and harbors provide trading ports
The wind creates traffic jams
10
The economy of Europe is mostly based on...
Mining minerals
Services (trade, tourism, banking, insurance, and shipping)
Farming (Agriculture)
Manufacturing
11
Someone who has an idea for a good or service and takes the risks to produce it is called what?
Risk Taker
Entrepreneur
Historian
Employee
12
Why is the United Kingdom one of the leading fishing nations of the world?
It is surrounded by water.
Strong naval force
Elite fishing equipment
Elite fishermen
13
A person can start any legal business and charge any price in which type of economy?
Mixed
Traditional
Market
Command
14
An economy in which production, investment, prices, and incomes are determined by a government.
Traditional Economy
Mixed Economy
Market Economy
Command Economy
15
The ability to read and write.
Reading
Wealth
Knowledge
Literacy
16
Which economy uses the system of bartering?
Mixed economy
Traditional economy
Market economy
Command economy
