Europe Economy plus

Front

Literacy rate is...

Back

the amount of people who can read and write in a certain country

Front

In what type of economy system does the government control what is produced and how it is produced?

Back

command

Front

In what economic system are the citizens able to own private land, operate their own businesses, and make most of the economic decisions?

Back

market

Front

Countries like UK and Germany have a great deal of citizen participation in the economy and the government has limited involvement. What is the system called?

Back

mixed

Front

This phrase describes the amount of goods that people want and need.

Back

supply and demand

Front

Raw materials from Earth that people use to make products are called

Back

natural resources

Front

What is the form of money a country uses called?

Back

Currency

Front

What is a tax on an imported good?

Back

Tariff

Front

A person who owns a business is called ___.

Back

An entrepreneur

Front

Which trade barrier is used to limit the amount of goods imported from another country? (Options: Tariff, Quota, Embargo, Free Trade)

Back

Quota