European Economic Systems

If a country's government is communist, it will have this kind of economic system.

• Mixed economic system
• Free market economic system
• Socialist economic system
• Command economic system

Tags

SS7E7

Lots of bartering/trading take place in this type of economic system.

• command economic system
• market economic system
• traditional economic system
• mixed economic system

In a market system, the three economic questions are answered based on this.

• Government intervention
• Supply and demand
• Consumer's traditional values

Tags

SS7CG1

Most countries in Europe have this kind of economy that leans closer to a pure market economy than a command economy.

• Capitalist economy
• Socialist economy
• Planned economy
• Mixed economy

Tags

SS7E7

This European country's government controls many of its resources and is very active in the economy.

• Germany
• United Kingdom

• Russia

Tags

SS7E7

This European government plays a role in the economy by collected high taxes to help the poorer citizens. The government also sets the price of some goods and services.

• Germany
• United Kingdom

• Russia

Tags

SS7E7

This European country's government plays a very limited role in the country's economic planning.

• Germany
• United Kingdom

• Russia

Tags

SS7E7

Which of the following is NOT one of the three economic basic questions

• What to produce?

• Whom to produce it for?

• How to produce it?

• Where to produce it?

Tags

SS7E7

If a country has more than one type of economic system, what do you call this?

• Pure market

• Command Economy

• Mixed Economy

• Command Economy

Tags

SS7E7

When it comes to economics, what is bartering?

• Exchange of goods for money
• Exchange of goods or services without money
• Exchange of goods or services with money
• Exchange of money for goods or services

Tags

SS7E7