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Europe: Economics Flashcards | StudBud
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Europe: Economics
Europe: Economics
20 terms
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This is to be used to help assist students reviewing economics in Europe.
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
A country provides extra training for it's citizens. This is an example of an investment in:
Entrepreneurship
Capital Goods
Human Capital
Natural Resources
2
Tribes in northern Russia use bartering as a means of trading goods. What type of economy do they have?
Market
Imaginary
Command
Traditional
3
Why is Germany best suited for growing agricultural products?
It has fertile soil
It has acid rain
It has more government regulations
It has no mining equipment
4
Using the information, which economic system is being described?
command
free trade
traditional
market
5
What does "per capita" mean?
per company
per product
per country
per person
6
Which country has the highest amount of government regulation and control of the economy?
Germany
United Kingdom
United States
Russia
7
What is literacy rate?
Percentage of people that can read and write
People who can't read and write
Percentage of people who are illiterate
Actual number of people that can read and write
8
What determines the strength of a nation's economy?
Good Graphs
Productive Resources
Economic Depressions
Economic Recoveries
9
The United States put a limit on how many German made cars can come into our country. This limit is known as a:
productive resource
tariff
embargo
quota
10
Which country is being described in the statements below?
Germany
Russia
United Kingdom
Spain
11
A country can increase it's capital goods by investing in:
All are investments in capital goods
Computers
New Machinery
Technology
12
Which of the countries below has diamonds as a natural resource?
None of the countries have them
Russia
United Kingdom
Germany
13
Which country has fish as one of its major natural resources?
Switzerland
Russia
United Kingdom
Germany
14
What is a tariff?
A local country band
limiting trade to a certain amount
a tax on goods
stopping all trade
15
What productive resource would timber fall under?
natural resource
entrepreneurship
capital goods
human capital
16
Using the economic continuum, the U.K.'s can best be described as:
command leaning
Pure market
market leaning
traditional
17
Germany stopped selling arms to Russia completely. This is an example of an:
quota
tariff
supply side increase
embargo
18
What is GDP?
Gross Domestic Produce
Gross Domestic Product
Gross Dooty Product
Good Domestic Product
19
How do entrepreneurs help a country's economy?
All are helpful
They create jobs
They start new businesses
They introduce new products
20
Coach Sanders started his own doughnut business. What productive resource is he utilizing?
capital goods
entrepreneurship
human capital
natural resources
