Economies of Europe Review

Which of these is NOT an economic question that every country must answer?

• What goods/services will be produced?
• How will the goods/services be produced?
• How often will goods/services be produced
• For whom will the goods/services be produced?

Which is an example of a pure market economy?

• United States
• There are no true market economies
• U.K.
• Russia

The economic system of communist countries is most closely related to:

• Command
• Market
• Mixed

In a command economy, economic decisions are made by:

• Producers
• Market
• Government
• Consumers

Most democratic nations have ___________ economies.

• Pure Command

• Pure Market

• Traditional

• Mixed

Which type of economy is based on customs and traditions?

• Mixed
• Market
• Command
• Traditional

In the economy of the bushmen of the Kalahari Desert, the people follow the examples of their ancestors.  This is an example of what type of economy?

• Mixed
• Market
• Command
• Traditional

If my government is selling me bread for $5/loaf and I have no choice but to buy that type of bread, I live in a _______________ economy.

• Traditional
• Market
• Command
• Mixed

All world economies are:

• Mixed
• Market
• Command
• Different

Which of these European countries has the least economic freedom and most government control?

• Germany

• Russia

• United Kingdom

• North Korea