Europe Economics Flashcard

Front

On the economic continuum, the United Kingdom is closer to

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Market

Front

On the economic continuum, Russia is closer to

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Command

Front

Even though Russia is closer to command on the continuum, the country will allow producers and consumers to choose what, how and for whom to produce.

Back

producers and consumers to choose what, how and for whom to produce

Front

Most Likely if a country has a high literacy rate they will also have a

Back

high standard of living

Front

A country with a high literacy rate most likely has a high

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Gross Domestic Product

Front

An example of a country with a high literacy rate and low standard of living is

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Russia

Front

Which country does NOT have about a 100% literacy rate? Options: Russia, United Kingdom, Germany, Afghanistan

Back

Afghanistan

Front

Which is NOT an advantage of the European Union? Free-Trade Zone, Spread communism across Europe, Common Currency (Euro), Free to move to European Union countries

Back

Spread communism across Europe

Front

Common currency used in the European Union.

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Euro

Front

Which would decrease trade between member countries in the European Union? Options: Euro, No Tariffs, Allowing countries to impose tariffs on one another, Allowing free movement of goods and people

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Allowing countries to impose tariffs on one another