DeVane European Economics Review for Test

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

Market economy decisions are based on....

Germany, Russia, U.K. are mixed economies that lean towards

Educated workers are more efficient, leading to a more productive workforce.

command economy=__________

Chalk and minerals found in UK are sources what what.....

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

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

command economies=

All are types of resources except....

What was the purpose for creating the euro?

This is used to determine how rich or poor a country is?

How do investments in capital goods help increase a country's GDP?

In what economy, do customs and previous generations from the past determine

When you are investing in a person's education, health and training, you are investing in what?

Which is an example of a traditional economy in Europe?

Germany encourages investment in capital goods, and UK invest a lot in education.

The exchange of money, goods, and resources in a market economy is called......

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

For what economic reason does Germany have a system of universal higher education?

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

Russia invest more in human capital than UK and Germany.

Which is an example of a free trade zone (voluntary trade)?

Which country doesn't use the euro?

Market economies base economic answers on ___________.

Germany specializes in _________________

How does investment in capital goods affect the GDP of a country?