Europe Economics

Which condition keeps Russia’s natural resources from being used? 

• lack of workers     
• harsh climate         
• no market for them
• no government funding

With its long northern coastline, what makes shipping in Russia so difficult?

• The northern ports are blocked by ice much of the year.
• Manufactured goods and people prefer to travel by train.
• It is used to clean machinery before it is shipped overseas.
• It is used for hydroelectric power and transportation of goods.

Which describes the climate of most of Germany?

• very cold winters with hot and dry summers
• cool summers with land deep in snow most of the winter
• cool winters and mild summers with good precipitation for crops
• hot summers and cold winters with little precipitation except for winter snow

Which condition is NOT a characteristic of Italy’s Mediterranean climate?

• dry summers         
• clear, blue summer skies 
• long, cold winters 
• mild temperatures all year

A similarity between Italy and Germany is that, in both countries, people tend to live in

• rural areas
• urban areas
• the southern region
• farming communities

Why does Russia have such a high literacy rate but such a low Gross Domestic Product?

• Russians do not want a higher standard of living.
• Education is only required for boys, but girls may attend.
• There are too many jobs in manufacturing and not enough schools.
• The government has always required the children to be educated, but the economy is not as productive.

A person that takes a risk by starting a new business.

• human capital
• capital goods
• entrepreneur
• natural resources

Which of the following is NOT one of the three basic questions all economic systems must answer? 

• What goods should be produced ?
• What is the price of the goods? 
• How should the goods be produced? 
• Who gets to consume the goods? 

The value of all goods and services produced within a country in a year

• Total Income Product
• Gross Domestic Product
• National Income Product
• Net Domestic Product

What is one reason that a country could have a high GDP?

• Because they have high wages.
• Because they have a highly educated population.
• Because they have low taxes.
• Because they love going to space.