SS6E7,8,9

Question 1

MOSTcountries have_____economies that fall somewhere between pure market&pure command economies

Accepted Answer

Mixed

Question 2

_____ is a group of 27 European countries united to bring more advantages to member.

Accepted Answer

European Union

Question 3

A___________ is someone who risks his or her own money, time, &energy to start & run a business

Accepted Answer

Entrepreneur

Question 4

________________ is the money people use to make trade easier.

Accepted Answer

Currency

Question 5

Total value of all the final goods and services produced in a country in 1 year is known as____

Accepted Answer

Gross Domestic Product

Question 6

_____ Systems are found in farming societies where people make what they need to survive.

Accepted Answer

Traditional

Question 7

Factors that influence economic growth: Human Capital,Capital Goods,________ &Entrepreneurs.

Accepted Answer

Natural Resource

Question 8

Workers of a business/country & their education, training, skills, & health are ___________.

Accepted Answer

Human Capital

Question 9

Trade _____________ are ways of limiting trade by using tariffs, quotas, or embargoes.

Accepted Answer

Barriers

Question 10

_________________ are things that come from the land like minerals and trees.

Accepted Answer

Natural Resources

Question 11

A ____________ is when a limit is placed on the number of imports that may enter a country.

Accepted Answer

Quota

Question 12

Supply and demand determine what is produced in a ____________ economic system.

Accepted Answer

Market

Question 13

The ______________ is the system used to convert money from one country’s currency to another’s

Accepted Answer

Foreign Exchange

Question 14

Factories and machinery are considered ________________.

Accepted Answer

Capital Goods

Question 15

The currency of the European Union is called the ____________

Accepted Answer

Euro

Question 16

An ____________ is a government order that forbids trade with another country.

Accepted Answer

Embargo

Question 17

The government controls all production and distribution in a _____________ economic system.

Accepted Answer

Command

Question 18

A ______________ is a tax on imported goods

Accepted Answer

Tariff

Question 19

The Currency of Russia is the _____________.

Accepted Answer

Ruble

Questions 19