Intructional Cycle 2 Summative Review

The main purpose of the European Union is to ____________________________. (SS6E8-d.)

• require all European nations to adopt a command economy.
• strengthen the trade, political, and defense ties of member nations
• Spread communism
• promote European sports

Which of the following are two things that the European Union has done to reach its goal of becoming a more powerful trading force in the world? (SS6E8-d.)

• Use the Euro and increase taxes.
• Create a large army and improve education
• Eliminate tariffs (taxes) and use the Euro

All of the following are benefits of belonging to the European Union EXCEPT? (SS6E8-d.)

• To allow citizens to travel freely among member countries.
• To have a common currency called the euro.
• To offer free trade without tariffs
• To tax goods shipped to other member countries

Which is a type of economy where the government has no control on goods to be bought and sold? (SS6E7-a).

• Pure Market
• Pure Command
• Pure Traditional
• Mixed

Which is a type of economy where goods and services are bartered (traded)? (SS6E7-a).

• Command
• Traditional
• Market

Which is a type of economy where the government has complete control over goods to be bought and sold?(SS6E7-b).

• Mixed
• Command
• Traditional
• Market

What is the term for a good that LEAVES a country to be sold in another country? (SS6E8-b).

• Transport
• Import
• Export
• Tarrif

What is the term for a good that is BROUGHT INTO a country to be sold. (SS6E8)

• import
• export
• tarrif
• embargo

Which of the following is a limit on the amount of goods a country can import? (SS6E8b)

• embargo
• tarrif
• quota
• import

Which of the following is a complete ban on goods placed in a country? (SS6E8b)

• embargo
• tarrif
• export
• quota