DeVane European Economics

Which term is not a trade barrier?

Which is an example of a free trade zone?

Germany and the U.K. are mixed economies that lean towards

When someone does something for you, they are offering you what?

Scarcity is the unlimited supply of something.

Natural Resources are important to a nation's economy.

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

What is a government order to stop trade called?

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

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

What is a tax on imports?

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

Which is an example of a traditional economy in Europe?

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

The former Soviet Union was an example of what economic system?

How do you raise the GDP of a country?

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

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

Why do people exchange currency?

In what economy, do customs and habits from the past determine what job you will have?