Europe - Economic Understandings 6th

Third-world countries

An economy in which consumers help determine what is to be produced is called a

International trade requires a system for exchanging currencies between nations in order to 

Russia's heavy regulation of privately owned business makes it difficult for 

GDP or gross domestic product refers to

A law that prevents goods from entering your country is called a(n)

A limit on the number of certain imported goods is called a

An economy that has characteristics of more than one type of economy is

Which of the following is not a synonym for market economy?

The limited supply of goods and services in a country is called _______

Investment in human capital means investing in 

A tariff is a

Any condition that makes trade difficult between countries is considered a

Which natural resources have helped the Russian economy in the 21st century?

The European Union encourages trade among its members by

Consumption is 

The GDP of a country is likely to be affected by

If a country invests in capital goods, we expect it's _______ to increase.

In a traditional economy, decisions about what is produced is dictated by

An economy in which the government owns all of the industries is a 

Buyers and sellers making decisions on their own help business determine what is produced in a

An export is 

Raising the economic level, or standard of living, usually happens when a country's GDP

In the UK, court systems protect

If the literacy rate is high in a country, then