SS6E7: Economics of Europe

A literate person in a developed country is most likely to have all EXCEPT which item

Which European country is closest to pure command on the economics continuum?

An imported toy from China contains lead-based paint. What should the US do?

Which is an example of an entrepreneur?

Which of the following is NOT a question that every economic system must answer?

Which is the best indicator for how an economy is doing as well as the standard of living?

To help farmers sell more, some want to put a tax on the food imported from other countries.  

How are capital goods and human capital related to GDP

A country that does not invest in human capital will have problems because

People in third world countries likely have

Which economy is LEAST likely to be found in Europe?

Because most economies have characteristics of the command and market economy, they are

To raise the Gross Domestic Product (GDP), countries must invest in

Entrepreneurs help increase a country’s GDP by

What is the common currency for most members of the European Union?

Most European countries have which type of economic system?

Which is an example of capital goods?

How does Europe’s literacy rate affect its development?

A tax of 15% makes jewelry from Mexico more expensive than jewelry made in the United States

What is a problem with exchanging currency?

Only 25,000 lbs of wheat can be imported into the country of Never Land. This is a:

An example of investing in physical (capital) resources by a company?

Which would make the United Kingdom amore desirable place to start a business?

In which country would it be MOST difficult for a person to start a business?

Which type of trade barrier involves a limit on goods brought into the country?

Russia and East Germany were communist countries. They had this type of economy: 

What is the main purpose of the European Union? 

The total value of all the goods and services produced in a country in one year is called

Which is an example of human capital?

The US wants to put pressure on Lala Land to not become communist. They cut off trade. This is:

What type of economy does the United Kingdom have?

The US wants to make sure its farmers stay in business. It sets a 20% tax on imported corn.

Which is an example of investing in human capital?