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Duplicate of Europe Economy Flashcards | StudBud
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Duplicate of Europe Economy
Duplicate of Europe Economy
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6th grade European economy
Flashcards
23 cards
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Practice quiz
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Questions
23
Answers
1
Which economic system is one in which the people own land, factories, and businesses?
Traditional economy
Command economy
Market economy
Mrs. Robinson
2
Which of the following are goods produced and used to make other goods and services.
Human resources
Serviceable goods
Capital resources
Human capital
3
What type of economy do Germany, Russia, and the United Kingdom have?
Traditional economy
Mixed economy
Command economy
Market economy
4
Which of the following is found in a market economy
government control of industry
guaranteed yearly pay raises
government control of agriculture
competition
5
Which economic system is characteristic of a communist country?
Traditional economy
Market economy
Command economy
Mixed economy
6
What are the two major investments that will increase a country's GDP?
Consumption and public expenditure
Investment and exports
Imports and exports
Consumer spending and investment
7
What is a tariff?
Tax on imports and exports
Mr. Hoover
A set quantity limit on imports and exports
A ban on goods
8
Belgium, France, Italy, and other countries of the EU use the same currency, what is it called?
Euro
Pound
Pound
Mint
9
Limited quantity of product that under official controls can be produced, exported or imported
Quota
Tariff
Embargo
Mr. Jordan
10
How has Russia attempted to improve its economy after the end of the Soviet government?
By restructuring the government
By making it more of a market economy.
By establishing a dictator
By moving towards a command economy
11
Which of the following is not a trade barrier?
Barter
Embargo
Quota
Tariff
12
An official ban on trade or other commercial activity with a particular country
Tariff
Embargo
Quota
Entrepreneur
13
Tax imposed on imports, making them less attractive to buyers protecting them from foreigners.
Specific Tariff
Free Trade
Protective Tariff
Valorem Tariff
14
exchange (goods or services) for other goods or services without using money.
Trade
Barter
Quota
Embargo
15
The broadest quantitative measure of a nation's total economic activity.
GNP
Wealth
GDP
Per Capita
16
An economy in which production, investment, prices, and incomes are determined by a government.
Command Economy
Market Economy
Mixed Economy
Traditional Economy
17
Which economy uses the system of bartering?
Command economy
Traditional economy
Market economy
Mixed economy
18
Why does eastern Germany have a poorer economy that western Germany?
East Germany has had to switch from a command economy.
Eastern Germany had to pay off debt from WWI
Lack of natural resources
Just because
19
On an economic continuum, which country falls in the middle, United Kingdom, Germany or Russia?
UK
America
Germany
Russia
20
Someone who has an idea for a good or service and takes the risks to produce it is called what?
Entrepreneur
Historian
Risk Taker
Employee
21
What term describes the relationship between countries that depend on others for various things
Reliable
Interdependent
Competiing
Independent
22
A person can start any legal business and charge any price in which type of economy?
Mixed
Market
Command
Traditional
23
The ability to read and write.
Literacy
Reading
Knowledge
Wealth