6th Grade SS- Environmental & Economic Forces in Europe Unit 3 Review

Question 1

What is the currency for most EU countries?

Accepted Answer

euro

Question 2

In a command economy, how are the prices of goods and services determined?

Accepted Answer

the central government

Question 3

Which option reflects a country with a mixed economy?

Accepted Answer

combination of privately owned industry & gov't control

Question 4

In order to encourage trade in Europe, countries particpate in a(n)

Accepted Answer

free trade zone

Question 5

What do the economies in U.K., Russia and Germany have in common?

Accepted Answer

They are all mixed economies

Question 6

The economic system of communist countries is closely related to which of the following?

Accepted Answer

Command

Question 7

Which is least likely to be found in Europe?

Accepted Answer

traditional economy

Question 8

A high literacy rate contributes to a

Accepted Answer

high standard of living

Question 9

Trade barriers are used to

Accepted Answer

restrict trade

Question 10

In which economic system can a person start any legal business?

Accepted Answer

market

Question 11

Which of the following contributes to the environmental problems in Europe?

Accepted Answer

dense population

Question 12

Why was Chernobyl, Ukraine abandoned in 1986?

Accepted Answer

a nuclear power plant exploded, radiation levels were unsafe

Question 13

In a traditional economy, how do people exchange goods?

Accepted Answer

Barter with sellers

Question 14

In market economies, prices are

Accepted Answer

determined by supply and demand

Question 15

European Union countries refuse to sell certain goods to Iran. This is an example of

Accepted Answer

an embargo

Question 16

Why is a country better off if it does not have to import natural resources?

Accepted Answer

Buying resources from others cost more money

Question 17

What is an example of an entrepreneur?

Accepted Answer

a girl who uses her money to start a business selling phones

Question 18

Which of the following would be found in a market economy?

Accepted Answer

Competition

Question 19

What are the main causes of acid rain?

Accepted Answer

coal burning factories and auto emissions

Question 20

Land, labor, capital, and entrepreneurship are the

Accepted Answer

factors of production

Question 21

Following the accident at the Chernobyl power plant, nuclear pollution

Accepted Answer

contaminated water and poisoned many people

Question 22

which is an example of a natural resource?

Accepted Answer

forests

Question 23

the USA forbids trade with Cuba because of political issues. Which trade barrier is in place?

Accepted Answer

Embargo

Question 24

Sarah started a business selling shoes. Sarah is an example of which factor of production?

Accepted Answer

Entrepreneur

Question 25

Sarah sells shoes. The water she uses to clean up her shoe making factor is an example of

Accepted Answer

natural resource

Question 26

Someone who is suceeding in a business is making a

Accepted Answer

profit

Question 27

What is one important effect of Europe's investment in human and capital goods?

Accepted Answer

educated work force contributes to economic growth

Question 28

"Companies produce goods of their choice, consumers decide whether to buy the goods"

Accepted Answer

Market

Question 29

Sarah sells shoes. The machines used to make the shoes are examples of..

Accepted Answer

Physical Capital

Question 30

Which is an example of a trade barrier?

Accepted Answer

all of the above

Question 31

What is an example of investing in human capital?

Accepted Answer

education

Question 32

The European Union was created to

Accepted Answer

make Europe more competitive in world markets

Question 33

What is human capital?

Accepted Answer

investment in the workers of a business

Question 34

An economic system in which the people (not gov't) own land, factories, & businesses?

Accepted Answer

Market

Question 35

Amy is employed in a shoe store because she has a merchandising degree. Amy is an example of

Accepted Answer

human capital

Question 36

In Cuba, the government owns all the businesses and farms. Cuba is an example of a

Accepted Answer

Command Economy

Question 37

Which is an example of investing in physical capital?

Accepted Answer

constructing a new factory

Question 38

Which is a way that entrepreneurs help increase a country's GDP?

Accepted Answer

creating business that give people jobs

Question 39

Which best describes a market economy?

Accepted Answer

a person can start any business and charge any price?

6th Grade SS- Environmental & Economic Forces in Europe Unit 3 Review

Questions 39

6th Grade SS- Environmental & Economic Forces in Europe Unit 3 Review

Questions 39