Unit 3 Review Environmental and Economic forces in Europe today

Question 1

Which type of trade barrier involves a limit on goods brought into the country?

Accepted Answer

quota

Question 2

If you do not invest in human capital you will have problems because?

Accepted Answer

not education, no skills means less money made

Question 3

Which of the following is a disadvantage of exchanging currency?

Accepted Answer

cost more to do business bec banks charge fees

Question 4

What type of trade barrier completely blocks trading with another country?

Accepted Answer

embargo

Question 5

Why should a nation invest in technology?

Accepted Answer

create a balance in trading and increase currency

Question 6

What do the economic systems of UK,Germany, and Russia have in common?

Accepted Answer

they are all mixed economies

Question 7

Which of the following is the best example of an entrepreneur?

Accepted Answer

starts their own business

Question 8

Why is a system of currency exchange necessary for international trade?

Accepted Answer

as a way to pay for goods purchased from other countries

Question 9

What is an environmental issue facing the United Kingdom?

Accepted Answer

great smog

Question 10

An import quota is a

Accepted Answer

legal limit on the amount of goods that can be imported

Question 11

How do entrepreneurs help increase a country's economy?

Accepted Answer

bringing new jobs

Question 12

How are natural resources beneficial to a country's economy?

Accepted Answer

natural resources are a valuable export

Question 13

What event might have caused Germany to move toward a command economy?

Accepted Answer

Govt passed laws to protect consumers from poorly made items

Question 14

If a region chooses to not invest in capital goods what is most likely the cause?

Accepted Answer

regional factories are not as productive as other factories

Question 15

What is the currency people use in the EU?

Accepted Answer

euro

Question 16

In a market economy, who decides how resources are used and distributed?

Accepted Answer

consumers and producers

Question 17

If a country invest in Healthcare then it is investing in?

Accepted Answer

human capital

Question 18

How would you describe entrepreneurs?

Accepted Answer

take risk to gain profit

Question 19

Which is an economy in which the market and the gov both play different roles?

Accepted Answer

mixed

Question 20

Which European country has the least free economy?

Accepted Answer

russia

Question 21

Which of these best represents capital investment for a company?

Accepted Answer

buying new equipment

Question 22

All of the following are major environmental issues in Europe except?

Accepted Answer

Depletion of natural resources

Question 23

Which is true of a market economy?

Accepted Answer

businesses that are inefficient risk going out of business

Question 24

How does nature contribute to acid rain being an issue for Germany?

Accepted Answer

air carries toxic smoke from factories to germany

Question 25

Which describes a country with a mixed economy?

Accepted Answer

combination of private owned and govt control

Unit 3 Review Environmental and Economic forces in Europe today

Questions 25

Unit 3 Review Environmental and Economic forces in Europe today

Questions 25