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Europe economics
Europe economics
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Economics
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
United states imports only 100 new vehicles from japan every year , what type of trade barrier
Tariff
Quota
Mixed
Embargo
2
What type of economic system is displayed in the picture below
Command
Traditional
Market
Mixed
3
A person who is willing to start their own business at their own risk is known as a
Entrepreneur
Employer
Business man
Manager
4
My dad cuts hair in a barber shop he is preforming a
Service
Career
Job
Labor
5
What are the three economic systems?
Traditional, Market, and Command
Mixed, Command, and service
Command, Mixed, and Market
Communism, Market, and traditional
6
Name the three trade barriers
Tariff, quota, embargo
Embargo, Tax, restrictions
Market ,command, Mixed
Mixed, autocratic, unitary
7
A form of trade barrier that places a tax on imported goods
Embargo
Market
Qouta
Tariff
8
Most modern countries follow a _______type of economic system
mixed
Command
Market
Traditional
9
The production ,distribution, and consumption of goods and services is known as
Economics
Market
Jobs
Money
10
On a economic continuum which country is closet to a command economy
Germany
United Kingdom
Spain
Russia
11
There are no pure market or pure command economies in the world
True
False
12
Which is not a factor of production?
Natural resources
money
people
Technology
13
A mixed economy is a combination of a
Traditional and market
Command and communism
Command and market
Traditional and command
14
What type of economic system is displayed in the movie clip
Mixed
Command
Market
Traditional
15
What is the purpose of the European Union?
To stop WWII
To bring about peace among countries in Europe
To get rich
To trade with other countries
