Mrs. Hamler Econ Review - E7, 8, 9

Front

The European Union was created to: To promote trade & travel among member countries

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To promote trade & travel among member countries

Front

Which of the following is NOT true in regards to the EU? Options: The EU government  handles training of individual armies from different countries., There are no tariffs between EU countries., Citizens can live and work in any EU nation., The EU government handles trade issues between two EU nations.

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The EU government  handles training of individual armies from different countries.

Front

What is the currency of MOST EU countries? Options: franc, euro, dollar, pound

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euro

Front

In the United Kingdom, who makes the economic decisions? Options: custom and habit, government planners, consumers and the market, farmers

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consumers and the market

Front

Which European country's government owns most of the large and important industries within its borders? Options: Germany, Russia, United Kingdom, United States

Back

Russia

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Which is LEAST likely to be found in Europe? Options: capitalism, market economy, command economy, traditional economy

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traditional economy

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Which EUROPEAN country shown on the diagram has the LEAST free economy & leans more toward command? Options: Cuba, Russia, Germany, United Kingdom

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Russia

Front

Because most economies have characteristics of the command economy and the market economy, we say they are

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mixed.

Front

In which country would it be most difficult for a person to start a business? Options: Russia, Germany, United Kingdom, about the same for each

Back

Russia

Front

Which of these issues would make the United Kingdom a more desirable place to start a business? Options: Russia's court system always protests the rights of property owners., The government in Russia owns most industries., It takes less time to start a business in Russia than the United Kingdom., Private citizens and corporations in the United Kingdom decide how goods will be produced.

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The government in Russia owns most industries.