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