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Europe Government and Economics Posttest Flashcards | StudBud
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Europe Government and Economics Posttest
Europe Government and Economics Posttest
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1
When people produce what they need by farming, hunting, and gathering. They trade if there is anything extra.
Traditional
Command
Market
Mixed
2
The government controls the resources and decides what to produce, how to produce, and for whom to produce.
Traditional
Market
Mixed
Command
3
Decisions are made based on what people want to buy and sell; citizens can own a business; supply and demand.
Market
Command
Traditional
Mixed
4
Which economic activity is important to Russian, Germany, and The U.K.?
Transportation
Mining
Farming
5
When people vote for the legislature. The majority party in the legislature selects the prime minister.
presidential democracy
autocracy
oligarchy
parliamentary democracy
6
Factories, machines, and technology are considered:
Caital Goods
Natural Resources
Human Capital
Entrepreneurship
7
The head of an elected government in a parliamentary system.
oligarchy
autocracy
prime minister
president
8
A country's GDP divided by its total population?
GDP per capita
GDP
GDP growth rate
9
A group of elected people who have the power to make laws.
oligarchy
presidential democracy
parliamentary democracy
legislature
10
A form of government ruled by a few powerful, wealthy people; few citizens participate.
autocracy
theocracy
oligarchy
democracy
11
Fall somewhere between pure command and market economies. Most countries fit into this economy.
Market
Traditional
Mixed
Command
12
The total value of goods and services produced in one year.
GDP
GDP growth rate
GDP per capita
13
Raw materials that come from the Earth are called:
Capital Goods
Natural Resources
Entrepreneurship
Human Capital
14
Organization of ideas and resources for production can be considered:
Human Capital
Entrepreneurship
Capital Goods
Natural Resources
15
The German Nazi regime under Adolf Hitler from 1933 to 1945 is an example of which system?
oligarchy
democratic
autocratic
GDP
16
Which country is best suited for producing agricultural goods?
Germany
The U.K.
Russia
17
What are the three basic economic questions?
where to produce, when to produce, why to produce
What to produce, how to produce, for whom to produce
Where to produce, when to produce, why to produce
How to produce, why to produce, when to produce
18
Government controlled by its citizens, either directly or through representatives; all citizens can vote.
oligarchy
theocracy
autocracy
democracy
19
The title often given to the head of government (and state) in a presidential democracy.
Autocracy
President
Oligarchy
Prime Minister
20
What is needed for a country to produce agricultural goods?
large cities
mineral mines
fertile soil
harbors
21
All European countries must join the European Union.
True
False
22
A form of government in which a single person holds unlimited political power, no citizen participation.
theocracy
oligarchy
democracy
autocracy
23
What relationship is often found between a country's literacy rate and GDP?
As the literacy rate increases, the GDP decreases.
There is no relationship between literacy rate and GDP.
As the literacy rate increases, so does the GDP.
24
When the people vote for most things, including the legislature and leader. The leader is separate from the legislature.
oligarchy
parliamentary democracy
presidential democracy
autocracy
25
_________________ , such as tariffs, quotas, and embargos, control the exchange of goods with foreign countries.
Trade Barriers
GDP (Gross Domestic Product)
Competition
Entrepreneurs
26
In which countries are fishing and shipping major industries?
Russia
The U.K.
Germany
27
Which phrase best describes the purpose of the European Union?
Competition brings innovation.
Cooperation for the benefit of all.
Every country for itself.
28
Skills, knowledge, and education of workers are considered:
Capital Goods
Entrepreneurship
Human Capital
Natural Resources
29
Russia has this type of system of government.
parliamentary democracy
oligarchy
theocracy
presidential democracy