Front

When would the European Union be MORE LIKELY to set a trade embargo on an outside country instead of a tariff?

Back

If its goal was to enforce a penalty against that country.

Front

When a government decides to increase a tariff, what is taxed?

Back

imported goods

Front

In a market economy, what most strongly affects the price and quality of goods and services?

Back

competition as well as supply and demand

Front

Which event would cause Germany to move toward a command economy on the continuum?

Back

Laws were passed to protect consumers from poorly made products.

Front

What can you conclude based on the quotation: "A country like France now does two-thirds of its trade within the euro zone."?

Back

Most of France’s trade is with countries using the Euro.

Front

What three economic questions are asked when studying the similarities of traditional, command, market, and mixed economies among nations of the world?

Back

What is produced, how is it produced, and for whom is it produced?

Front

Which of the following would reflect a country with a mixed economy? A combination of privately-owned industry and government control.

Back

A mixed economy is characterized by a combination of privately-owned industry and government control.

Front

Which trade barriers limit or restrict trade, but do not completely stop trade? Options: tariff and embargo, quota and tariff, quota and blockade, tariff and blockade

Back

quota and tariff

Front

What economic system would an indigenous group like Native Americans most likely have?

Back

traditional economy