European Economics and EU

Which statement is NOT true in regards to Russia?

• They have been forcing men to join the military

• They have see trade grow since invading Ukraine.

• Oil is their most important good.

• It has a mixed command economy.

Which statement describes the European Union best?

• It is a military alliance between friendly European countries.

• It is a group of Asian nations that trade heavily with European countries.

• It is a group of European countries that works to maintain a good economic relationship with the United States.

• It is a group of European countries that trades in order to maintain peace

Which statement is true of people living in the European Union

• They have limited governments because of EU rules

• They need to obtain special permission to travel from one country to another

• Trading is not as simple as one would think as most countries have their own currency

• They can move, live, and work freely in just about any EU country.

The purpose of the economic continuum is.......

• To show and compare how much economic freedom countries have

• To compare the GDP of different countries to each other

• To show which countries have poor economies based on factors such as literacy rates.

• To compare the GDP per capita of different countries to each other.

Which country has the most economic freedom?

• Germany

• United Kingdom

• Russia

This term describes the value of how much goods a country produces during a year.

• Gross National Product

• Economic Continuum

• Gross Domestic Product

• Gross Domestic Product per capita

This term describes the value of goods produced by a worker in a year?

• Gross National Product

• Economic Continuum

• Gross Domestic Product

• Gross Domestic Product per capita

Which country has the lowest GDP per capita?

• United Kingdom

• Germany

• Russia

Which statement is not true in regards to the UK's economy?

• It has a mixed market economy

• Oil is a major export

• The government has taken over some businesses

• It is very important to the banking and financial community

Which statement is not true in regards to Germany's economy?

• Some banks and car companies have been take over by the government

• Cars are their most important good/export.

• They are one of the most industrialized countries in the world

• Germany has become a mixed command economy partly because of the Covid pandemic