Unit 4: European Economies

Why is a country better off if it does not have to import natural resources?

In which type of economic system are the customs of the past used to make economic decisions?

In which type of economic system is privately-owned industry and government control combined?

A government would invest in human capital because it will...

Which trade barrier stops all trade with other countries?

Which economic system would a communist country have?

Which trade barrier adds a tax to imported goods?

What's the term for trade when all trade barriers have been lifted?

Which is an example of a natural resource?

Which type of economic system has the most government regulation?

A literate person with a high standard of living is likely to have all EXCEPT the following...

Germany has a mixed economy that leans towards market, so most economic decisions are...

Which type of economy do most European countries have?

The total value of all goods and services produced in a country in one year is called...

The percentage of people in a country who can read and write is called...

Which trade barrier puts a limit on imported goods?

Would the literacy rate in a 3rd world country be higher or lower than in a developed country? 

A person who uses his or her money to start a business is called...

Governments not only impose trade barriers to protect its economy but also to...

Most European countries have which kind of economic system?

What resource is a country investing in when they educate their citizens?

A government usually enforces trade barriers to promote...

In which economic system are all economic decisions made by producers and consumers?

Does investing in capital resources increase of decrease a country's GDP?

Russia has an economic score of 51; this means that economic decisions are made by...