Europe Government and Economics

Question 1

Which of the following is an example of a mixed economy?

Accepted Answer

Combination of government and private control

Question 2

Whohas the power in an autocracy?

Accepted Answer

one dictator

Question 3

If you lived in the communist Soviet Union, what type of economic system did you live under?

Accepted Answer

command

Question 4

The United Kingdom, Russia and Germany all have whichtype of economies

Accepted Answer

Mixed

Question 5

How are economic decisions made in a traditional economy?

Accepted Answer

customs and beliefs

Question 6

Which of the following is NOT an economic trade barrier?

Accepted Answer

mountain

Question 7

Which of the following would describe Russia’s governmenttoday?

Accepted Answer

federation

Question 8

The United Kingdom has a Prime Minister. So what type ofgovernment does it have?

Accepted Answer

parliamentary

Question 9

Whohas the power in an oligarchy?

Accepted Answer

small group of wealthy people

Question 10

How are the governments of Germany, UK, and Russia similar?

Accepted Answer

democracies

Question 11

Whatare the three (3) questions, all economic systems must answer?

Accepted Answer

What, how and for whom to produce

Question 12

If a country increases a tariff, which of the followingwould that tariff be placed on?

Accepted Answer

imports

Question 13

Whatis an example of a confederation of nations in Europe that use the Euro?

Accepted Answer

EU

Question 14

Which title would you find in both the UK’s and Russiagovernments?

Accepted Answer

Prime Minister

Question 15

If a country invests in new technology and new factories,what are they spending money on?

Accepted Answer

capital goods

Question 16

Wasthe command system successful in the Soviet Union?

Accepted Answer

No

Question 17

Mostdemocracies have this type of economy

Accepted Answer

mixed

Question 18

Which is an example of confederation?

Accepted Answer

EU

Question 19

Which is an example of human capital?

Accepted Answer

education

Question 20

Which of the following would be found in the Germanygovernment of today?

Accepted Answer

chancellor

Question 21

Who sets the prices in a market economy?

Accepted Answer

competition

Question 22

What is the relationship between the standard of livingand literacy rates?

Accepted Answer

If literacy rate is high, the standard of living is high

Question 23

Who makes the decisions in a command economy?

Accepted Answer

government

Question 24

If France does 2/3 of its trade with countries that usethe Euro, what can you infer?

Accepted Answer

The majority of its trade with countries that use the euro

Europe Government and Economics

Questions 24

Europe Government and Economics

Questions 24