European Economics

Like the United Kingdom this country has invested billions in human capital and capital goods leading to a higher GDP:

Setting where an entrepreneur is most likely to succeed in:

Embargos are usually used to do what to other economies?

The total dollar value of all goods and services produced in a country in one year:

This country's GDP per capita is lower in Europe due to not investing in human and capital resources under communism:

Example of a country investing in human capital:

A limit on goods coming into a country is called a:

The education, skills, and training of a country's workforce is called:

Investing in human capital, capital goods, natural resources, and entrepreneurship will accomplish this:

Where would Russia's economy fit on the economic continuum?

People who take risks to start a new business, developing new products, and create jobs:

The U.K. is an island nation which makes these types of industries common there:

Economic model in which government planners make all business and financial decisions:

A country's literacy rate is:

Country who recently exited the European Union for financial reasons:

Which would not be considered to be a natural resource?

This means to focus on a narrow range of products/services that can be produced most efficiently and cost effectively:

What best describes the economy of the U.K.?

2016 referendum whereupon the majority of British citizens voted to come out of the European Union:

These materials come from nature and play an important role in a country's economy (land, forests, minerals, etc)

GDP per capita is another tool to measure the strength of an economy; "per capita" means:

Economic system based on ways of the past: may use bartering as a way of trading goods and services

Example of a country investing in capital goods:

Which would not be included in how an economy grows?

Mining natural resources like oil, natural gas, and minerals is an important economic activity for this country:

One of Germany's natural resources that allows it to produce agricultural products:

Economic model in the laws of supply and demand determine what is produced and at what cost:

Man-made materials that are needed to produce goods and services such as factories, machinery, and technology:

Which would not be a part of investing in human capital?

An economic system is?

If a country has a high literacy rate it is more likely to have a what?