European Economics

Front

What is the name of the official currency of the European Union?

Back

Euro

Front

Which of the following is NOT a purpose of the European Union? Options: To allow for free trade, To combine religion and culture, To have a common currency, To make alliances in war

Back

To combine religion and culture

Front

The ______________________________ was created to make Europe more competitive in world markets.

Back

European Union

Front

Things that were not made by humans and are found in nature

Back

natural resources

Front

The government determining what, how, and for whom products and services are made is __________ economy

Back

COMMAND

Front

Individuals and businesses decide what, how much, and for whom goods and services are produced is ________ economy.

Back

MARKET

Front

goods and services are produced in a more natural way, the way they have always been produced is ________ economy.

Back

TRADITIONAL

Front

Which type of economy is controlled by the government? Options: Command, Market, Mixed, Democratic

Back

Command

Front

What are tariffs?

Back

taxes on the import or export of goods from a country

Front

A block or restriction on trade with another country is called

Back

Embargo