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