Economies of Europe Review

Front

Which of these is NOT an economic question that every country must answer? Options: What goods/services will be produced?, How will the goods/services be produced?, How often will goods/services be produced, For whom will the goods/services be produced?

Back

How often will goods/services be produced

Front

Which is an example of a pure market economy? Options: United States, U.K., Russia

Back

There are no true market economies

Front

The economic system of communist countries is most closely related to: Command, Market, Mixed

Back

Command

Front

In a command economy, economic decisions are made by:

Back

Government

Front

Most democratic nations have ___________ economies.

Back

Mixed

Front

Which type of economy is based on customs and traditions? Options: Mixed, Market, Command, Traditional

Back

Traditional

Front

In the economy of the bushmen of the Kalahari Desert, the people follow the examples of their ancestors. This is an example of what type of economy? Options: Mixed, Market, Command, Traditional

Back

Traditional

Front

If my government is selling me bread for $5/loaf and I have no choice but to buy that type of bread, I live in a _______________ economy.

Back

Command

Front

All world economies are: Mixed, Market, Command, Different

Back

Mixed

Front

Which of these European countries has the least economic freedom and most government control? Germany, Russia, United Kingdom, North Korea

Back

Russia