SS6E7, SS6E8, and SS6E9: European Economics

Front

The European Union was created to

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make Europe more competitive in world markets.

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?

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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?

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Russia

Front

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

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traditional economy

Front

Which EUROPEAN country shown on the diagram has the LEAST free economy? 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

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Russia

Front

Which European country would be the easiest to start and run your business without a lot of government interference? Options: Germany, Russia, United Kingdom, United States

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United Kingdom