European Economics

Front

In the United Kingdom, who decides which goods will be produced and sold? Options: citizens, the monarch, business owners, the prime minister

Back

citizens

Front

Which country owns most of the large and important industries within its borders?

Back

Russia

Front

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

Back

traditional economy

Front

Which European country has the least free economy? Options: Cuba, Russia, Germany, United Kingdom

Back

Russia

Front

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

Back

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

In which countries do buyers and sellers usually come to agreement on prices in order to trade? (Options: Russia and Germany, Russia and United Kingdom, Germany and United Kingdom, United Kingdom and United States)

Back

Germany and United Kingdom

Front

Which of these issues would make the United Kingdom a more desirable place to start a business than Russia? Options: The government in Russia owns most industries, Russia's court system always protests the rights of property owners, 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.

Back

Private citizens and corporations in the United Kingdom decide how goods will be produced.

Front

Which type of trade barrier involves a limit on goods brought into the country? Options: quota, tariff, embargo, voluntary exchange

Back

quota

Front

In order to help Russian farmers sell more food, some people want to put a tax on the food imported from other countries. This is an example of ?

Back

tariff