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Euro economy quiz Flashcards | StudBud

Explore/Euro economy quiz

Which best describes a market economy?

Which two are proven to directly affect a country's GDP growth?

Euro economy quiz

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Questions 10

Answers

1
Which two are proven to directly affect a country's GDP growth?
Capital Investment
embargoes
tariffs.
Literacy Rate
2
Which best describes a market economy?
Government housing of workers.
Bill produces watches freely and charges what he desires.
regulating prices by government.
Government ownership of business.
3
Germany is primary a ____________ economy.
mixed economy, providing services.
mixed market, producing manufactured goods.
mixed command, producing manufactured goods
4
Why do nations invest in colleges and technical training?
It is directly linked to a high standard of living.
It is investment in human capital or labor.
A high literacy rate, which affects businesses.
5
Which is a tax placed on imported goods?
export taxes
embargoes
quotas
tarrifs
6
If a country invests much capital in the economy, what is hoped to the be result?
end of embargoes
Real Economic Growth
a decrease in the need for entrepreneurs.
more government involvement
7
What do the economic systems of the UK, Russia and Germany have in common?
they are traditional economies
they are all mixed economies.
they are pure command economies
they are all pure market
8
What are tariffs, quotas, and embargoes called?
trade barriers.
economic incentives
investment in captial
restrictions
9
What is an embargo?
a severing of economic relations and trade with a country.
a limit of exported goods
an import tax
a limit on the amount of goods it can import
10
Which accurately exemplifies a mixed economy?
no government involvement.
setting of prices by the government.
a combination of entrepreneurs and government oversight.
restrictions in labor laws.