Unit 4: Economics of Europe

An example ofinvesting in physical (capital) resources by a company?

In which country would it be MOST difficult for a person to start a business?

Entrepreneurs help increasea country’s GDP by

Which European country has theLEAST free economy?

Which of the following is NOT a question thatevery economic system must answer?

Which is an example of an entrepreneur?

To help farmers sell more,some want to put a tax on the food imported from other countries.  

The total value of allthe goods and services produced in a country in one year is called

What is the main purposeof the European Union? 

What type of economy does the United Kingdom have?

What is the commoncurrency for most members of the European Union?

A literate person in a developed country is mostlikely to have all EXCEPTwhich item

What is a problem with exchangingcurrency?

A country that does not invest in human capital willhave problems because

Most European countries have which type of economicsystem?

Which is an example ofinvesting in human capital?

Which type of trade barrier involves a limit on goodsbrought into the country?

A tax of 15% makes jewelry from Mexico moreexpensive than jewelry made in the United States

How does Europe’s literacy rate affect itsdevelopment

People in third world countries likely have

Which economy is LEAST likely to be found in Europe?

To raise the GrossDomestic Product (GDP), countries must invest in

Russia and East Germany werecommunists. They had this type of economy: 

Which would make the United Kingdom amore desirable place to start a business?

Because most economies have characteristics of thecommand and market economy, they are