BMS Europe Economy and Government Review

Gross Domestic Product ______________ each country's economy.

• measures
• explains
• destroys
• manipulates

Which of the following countries has an economy most like a command economy?

• France
• Russia
• United Kingdom
• United States

Germany's economy has some characteristics of a command economy and some characteristics of a market economy. That means that Germany has a ____________ economy.

• command

• mixed

• market

• traditional

Trade barriers ___________________ trade between separate countries.

• limit or prevent
• help and increase
• encourage
• forever stop

What type of economy is this describing? The government controls the economy.

• command
• market
• traditional

What type of economy is this describing? Decisions are based on what is needed to survive.

• Command
• Market
• Traditional

What type of economy is this describing? People can choose what they want to buy, sell or make.

• command
• market
• traditional

What type of trade barrier is this describing? A tax placed on pineapples imported from Costa Rica.

• quota
• tariff
• embargo

What type of trade barrier is this describing? Only 25,000 cars are allowed to be imported from Japan.

• quota
• tariff
• embargo

What type of trade barrier is this describing? Trade with Cuba was completely stopped.

• quota
• tariff
• embargo