European Economics

Natural Resources are important to a nation's economy.

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

Why do people exchange currency?

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

On the mixed continuum, you will find the economies in this order (left to right)

Which term is not a trade barrier?

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

Scarcity is the unlimited supply of something.

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

Which is an example of a free trade zone?

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

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

The green light on the traffic light represents what?

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

What is a tax on imports?

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

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

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

Which is an example of a traditional economy in Europe?

How do you raise the GDP of a country?

What is a government order to stop trade called?

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