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Economy of Europe Part 1 Flashcards | StudBud
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Economy of Europe Part 1
Economy of Europe Part 1
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Answers
1
Which of the following is not an economic question an economy must answer?
1. What to produce?
3. For whom to produce?
3. For who to produce?
2. How to produce?
2
Germany has a unique system of economy called a social ______ __________.
democratic wing
command economy
social economy
Market Economy
3
This system of economy has the government in total control.
State economy
Commend
Command
Market
4
What is an embargo?
A tax on trade, yo. Pick me. I'm right! TRICK QUESTION!
It's when there is a ban on trade between countries.
It's when there is a ban on trade between countries.
It's when there is a limit on trade between countries.
5
A tax on imported goods is a ____.
Tariff
tarriff
quota
Tarrif
6
This type of economy is more common in poor countries and is very reliant on agriculture.
Tradock, cousin of Bardock the Saiyan Bald dude
Tradition
Traditional
Traditionally
7
Russia and the United Kingdom both have a _____ ______ economy.
Market of Mixes
Mixed Meerkat
Eminem and M&M
Mixed Market
8
How many basic systems of economy are there?
1
3
2
6
9
A
limit
on an amount of goods that can be imported into a country is a(n) ______.
Quota
Embrago
Quoter
Qota
10
How do you increase GDP?
Increase Investment
Increase Invest
Decrease investment, yo
Increas Investment
11
For the test tomorrow, I should test. And check the website. Like, tonight.
True
False
