BMS European Government and Economics

Question 1

What is an example of capital goods

Accepted Answer

delivery truck

Question 2

What type of democracy does Russia have?

Accepted Answer

Presidential

Question 3

What is human capital?

Accepted Answer

investment in the workers of a business or country

Question 4

The ability to read and write

Accepted Answer

literate

Question 5

What was the purpose of creating the European Union?

Accepted Answer

have stronger political & economic ties with member nations

Question 6

Which situation might keep an embargo against a country from being successful?

Accepted Answer

The country is able to find other trading partners

Question 7

When a country focuses on being really good at producing one thing, it is an example of

Accepted Answer

Specialization

Question 8

Which European country currently has the strongest economy?

Accepted Answer

Germany

Question 9

The United Kingdom is to House of Commons as Germany is to the

Accepted Answer

Bundestag

Question 10

An advantage of being a member of the EU is

Accepted Answer

persons may travel between countries without a visa

Question 11

Which is an example of investing in capital goods by a company?

Accepted Answer

constructing a new factory

Question 12

Who is the head of government in United Kingdom?

Accepted Answer

Prime Minister

Question 13

If Germany banned all trade with Ukraine, what kind of trade barrier is in place?

Accepted Answer

embargo

Question 14

Who elects the leader in the Russia?

Accepted Answer

The People

Question 15

A ___________ is a restriction on the amount of a good that can be imported into country.

Accepted Answer

quota

Question 16

Which is an example of specialization

Accepted Answer

a factory makes one product extremely well and exports it.

Question 17

Which is an example of investing in human capital?

Accepted Answer

education

Question 18

What is a tariff?

Accepted Answer

A tax on imported goods

Question 19

Which is not an example of a trade barrier?

Accepted Answer

specialization

Question 20

A disadvantage of being a member of the EU is

Accepted Answer

more job competition

Question 21

What are the bicameral houses inRussia?

Accepted Answer

State Duma and Federal Council

Question 22

Which is an example of a command economy?

Accepted Answer

The government controls the economy

Question 23

In an autocracy, the power of the government is in the hands of ___________________

Accepted Answer

A single ruler

Question 24

Which is an example of natural resources?

Accepted Answer

forests

Question 25

In a command economy, who controls what is produced and how it is produced?

Accepted Answer

The government

Question 26

Who elects the leader in the Germany?

Accepted Answer

Bundstag

Question 27

What currency is used in the European Union?

Accepted Answer

euros

Question 28

one leader controls power; citizens do not participate

Accepted Answer

autocracy

Question 29

What is a tax on an imported good?

Accepted Answer

tariff

Question 30

Which economic system is the worst for competition between producers?

Accepted Answer

Command

Question 31

Who is the head of government in Germany?

Accepted Answer

Chancellor

Question 32

Most European countries have which type of economic system?

Accepted Answer

Mixed

Question 33

A country can increase its human capital by investing in _______________.

Accepted Answer

Education for its citizens

Question 34

What are the bicameral houses in Germany?

Accepted Answer

Bundestag and Bundesrat

Question 35

Who elects the leader in the United Kingdom?

Accepted Answer

House of Commons

Question 36

What type of democracy does Germany have?

Accepted Answer

Parliamentary

Question 37

An export is a good that..

Accepted Answer

is sent out of the country

Question 38

Who is head of the government in Russia?

Accepted Answer

President

Question 39

What are the bicameral houses in United Kingdom?

Accepted Answer

House of Lords and House of Commons

Question 40

Only 3,000 pairs of American blue jeans can enter France is an example of which trade barrier__

Accepted Answer

quota

Question 41

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

Accepted Answer

Why should we produce?

Question 42

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

Accepted Answer

creating businesses that give people jobs

Question 43

Capital goods are the ___________ people use to produce goods and services.

Accepted Answer

factories, machines, and technology

Question 44

A trade barrier that bans trade with another country is a _____________

Accepted Answer

embargo

Question 45

Which of these is NOT a benefit of the European Union?

Accepted Answer

to create higher taxes among member nations

Question 46

What type of democracy does United Kingdom have?

Accepted Answer

Parliamentary

Question 47

What helps to raise the Gross Domestic Product in a country?

Accepted Answer

a high literacy rate

Question 48

Which type of economic system is found in simple agricultural societies?

Accepted Answer

Traditional

Question 49

True or False. European countries have to be a part of the European Union?

Accepted Answer

False

Question 50

people have full and equal rights to participate

Accepted Answer

democracy

Question 51

One of the benefits of being in the EU is that

Accepted Answer

Member countries get free trade.

Question 52

"For whom to produce?", "how to Produce?" and "____". Which economic question is missing?

Accepted Answer

What to Produce?

BMS European Government and Economics

Questions 52

BMS European Government and Economics

Questions 52