A) service B) natural resource C) good D) free enterprise
A) quota B) demand C) supply D) tariff
A) command economy B) market economy C) traditional economy D) mixed economy
A) How much to produce? B) How to produce? C) What to produce? D) For whom to produce?
A) competition between businesses B) free labor C) government control of industry D) government control agriculture
A) market B) government C) consumers D) producers
A) machinery B) roads C) education D) factories
A) individuals B) no one C) private businesses D) the government
A) through bartering B) through government regulation C) through shortages and surpluses D) through prices and wages
A) quota B) tariff C) mountain D) embargo
A) Germany B) United States C) Russia D) Cuba
A) tariff B) quota C) mountain D) embargo
A) Businesses are owned by the government. B) The government provides food and housing to all workers. C) The government provides services, such as telephones and television. D) A person can start any legal business and charge any price.
A) Individuals made economic decisions based on supply and demand. B) Workers made most of the economic decisions for the country. C) Its economics were controlled mainly by the global economy. D) The central government planned the economy for the entire nation.
A) Businesses cannot do all the training needd by workers to be successful. B) A country needs money in order to pay its workers. C) Workers enjoy getting extra training and job opportunities. D) A country's economy is more successful when workers have good education and health care.
A) A student in a college. B) A leader of a country. C) A person who starts a new business. D) A worker in a factory.
A) renewable resources B) people's property C) imported goods D) people's income
A) The land in Siberia is very easy to farm. B) Russia is the richest nation on earth. C) Russia's natural resources are very difficult to use. D) Russia can easily transport goods to Asia.
A) mixed B) traditional C) command D) market
A) All are examples of command economies. B) All are examples of mixed economies. C) All are examples of pure market economies. D) All are examples of traditional economies.
A) command B) mixed C) market D) traditional
A) Needs to import more products. B) Does not need to import or export. C) Should import fewer products. D) Exports a wide variety of products.
A) demand B) quota C) tariff D) supply
A) market economy B) mixed economy C) traditional economy D) command economy
A) embargo B) subsidy C) tariff D) quota
A) opportunity costs B) investment in capital goods C) investment in human capital D) gross domestic product
A) opportunity costs B) entrepeneur C) gross domestic product D) trade surplus
A) United States, Canada, and Mexico B) the United States, the United Kingdom, and Germany C) the United States, Canada, and the United Kingdom D) the United States, Mexico, and the islands of the Caribbean
A) Companies produce goods of their choice and consumers decide whether to buy the goods. B) Workers are guaranteeded a pay raise every year. C) Basic goods in the country are provided to all people without charge. D) The government controls most of the businesses in the country.
A) The government controls all businesses. B) Prices and wages are solely regulated by a country's government. C) A country's distribution of resources is based on inheritance. D) A combination of a privately-owned industry and government control.
A) All are examples of mixed ecoonomies that are mostly market economies with some elements of command economies. B) All are examples of pure command economies. C) All are examples of mixed economies that are mostly command economies with some elements of market economies. D) All are examples of pure market economies.
A) exchange rate B) quota C) embargo D) tariff
A) paying for services by check B) charging goods on a credit card C) using currency to pay D) bartering with a seller
A) opportunity costs B) gross domestic product C) investment in capital goods D) investment in human capital |