Eastern European Government and Economies

Eastern European Government and Economies

Multiple Choice

inflation is....

• a growth in prices over time

• increasing the prices of goods and services so they cost the same in all stores

• the progressive decrease in prices of goods and services

Multiple Choice

What is the European Unnion?

• an organization of European nations that share certain political and economic policies

• an organization of Eastern European nations that seek to restore communist governments

Eastern European Summary

• Many Eastern European countries transitioned to democratic governments after the fall of communism

• After transitioning to capitalism, Eastern European countries began privatizing industries. Some countries struggled to privatize industries because people could not afford to purchase businesses.

• Many countries in Eastern Europe have experienced economic growth and have even joined the European Union.

• Some countries in Eastern Europe have struggled with the transition to capitalism. Inflation, det, and government corruption are some of the factors that have harmed these economies.

During and after the fall of communism in Eastern Europe, most countries in the region transitioned to some type of democracy.

• Belarus claims to be a presidential republic, it is actually a dictatorship.

Bosnia and Herzegovina

• The people of these two countries elect three people to the presidency during each election.

• These countries hold elections every four years.

• The people elect three people to the presidency at one time; one from each of the three major ethnic groups that live in the country.

• The title of chairperson rotates to another one of the elected leaders.

Open Ended

How is the government of Bosnia and Herzegovina similar to the United States?

Check for Understanding - Is this information in your notes?

• Today, most Eastern European countries have a democratic form of government.

• Belarus is officially a presidential republic, but it functions more like a dictatorship.

• Some countries in Eastern Europe stuggle with corruption within the government, but they are working to solve this problem.

Multiple Select

Check all of the industries in Poland and Latvia that have helped create successful economies in these countries.

• shipping

• entertainment

• agriculture

• forestry

• automotive

Multiple Choice

converting a business from public or government control to private control

• privatize

• capitalism

• market economy

Multiple Choice

an economic system in which most businesses are owned and run by individual citizens

• inflation

• market economy

• capitalism

Multiple Choice

an economy in which producers choose what products to sell and how much to sell them for

• capitalism

• market economy

• inflation

Multiple Choice

an organization of European nation that share certain political and economic policies

• European Union

• mareket economy

Multiple Choice

a growth in prices over time

• inflation

• capitalism

Multiple Select

Check all of the factors that have limited economic growth in Eastern European countries.

• government corruption

• joining the European Union

• problems with privatizing industries

• economies that are too diverse

• conflicts between different ethnic groups

Multiple Choice

What is the definition of privatize?

• to convert business from private control to govenrmt control

• to create a business that is inaccessible to the public

• to convert a usiness from public or government control to private control