Europe Government and Economics Review

Question 1

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

Accepted Answer

capital goods

Question 2

Which of the following would be found in the German government of today?

Accepted Answer

chancellor

Question 3

If you lived in the communist Soviet Union, where did you fall on the economic continuum?

Accepted Answer

near command

Question 4

How are economic decisions made in a traditional economy?

Accepted Answer

customs and beliefs of the past

Question 5

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

Accepted Answer

Prime Minister

Question 6

Who makes the decisions in a command economy?

Accepted Answer

government

Question 7

Which is an example of investing in human capital?

Accepted Answer

education

Question 8

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

Accepted Answer

Combination of government and private control

Question 9

Today, the United Kingdom, Russia and Germany all have which type of economies?

Accepted Answer

Mixed

Question 10

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

Accepted Answer

Trade with European Union countries is important for France.

Question 11

What was the primary reason for the development of the European Union?

Accepted Answer

to make it easier to trade within Europe

Question 12

How does using the Euro make it easier to travel today in Europe?

Accepted Answer

You do not have to exchange currencies IF they use the Euro

Question 13

Which of the following is a group of nations in Europe that primarily use the Euro?

Accepted Answer

European Union

Question 14

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

Accepted Answer

What, how, and for whom to produce

Question 15

Which of the following is NOT an economic trade barrier?

Accepted Answer

ocean

Question 16

Who has the power in an autocracy?

Accepted Answer

one dictator

Question 17

In this nation, the Chancellor is the head of the executive branch of government.

Accepted Answer

Germany

Question 18

Who sets the prices in a market leaning economy?

Accepted Answer

buyers and sellers

Question 19

What is the relationship between the standard of living and literacy rates?

Accepted Answer

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

Question 20

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

Accepted Answer

parliamentary

Question 21

Was the command system successful in the Soviet Union?

Accepted Answer

No

Question 22

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

Accepted Answer

imports

Question 23

In this country, they choose to limit the monarch's power, so it is a democracy. Where am I?

Accepted Answer

United Kingdom

Question 24

Who has the power in an oligarchy?

Accepted Answer

small group of wealthy people

Question 25

How are the governments of Germany, UK, and Russia similar? They are all ________.

Accepted Answer

democracies

Europe Government and Economics Review

Questions 25

Europe Government and Economics Review

Questions 25