Europe Economy Slides 101-104

What is a responsibility of both Europeans and Americans?

• Playing sports

• Watching TV

• Eating food

• Paying taxes

Why is it important that citizens pay taxes?

• To play video games

• To buy new clothes

• To fund government services

• To travel the world

What type of economy exists in most of Europe?

• Mixed

• Traditional

• Command

• Free enterprise

Why is tourism a large service industry in Europe?

• Rich histories

• Fast cars

• Big mountains

• Tall buildings

What is the level of economic development considered for European countries?

• Level one

• Level four

• Level two

• Level three

What do European Union (EU) countries avoid paying when trading goods?

• Property tax

• Tariffs

• Sales tax

• Income tax

What is the common currency used by most EU members?

• Euro

• Dollar

• Pound

• Yen

How much does a bottle of Coke cost in the U.S.?

• $2.73

• $0.99

• $1.80

• $2.20

What is the range of cost for a bottle of Coke in major European countries?

• $0.99 to $2.73

• $3.00 to $5.00

• $1.00 to $3.00

• $2.00 to $4.00