Europe Economics, Trade Barriers

Front

Which of these European countries has the least economic freedom and most government control? Germany, Russia, United Kingdom, North Korea

Back

Russia

Front

Russia's economy is...

Back

Mixed

Front

Which country is it hardest to start a business in? Options: Russia, United Kingdom, Germany, Spain

Back

Russia

Front

Russia is best at producing and trading oil; Germany exports cars. What is this concept called?

Back

Specialization

Front

What is a tariff?

Back

Tax on imported goods

Front

A quota is a limit on an imported good. Which is an example of a quota helping local farmers?

Back

Allowing less corn to be bought from other countries' farms.

Front

Russian government found deadly chemicals in German hamburgers. What will keep Russians safest? Options: An embargo against German hamburger meat producers, A tariff on German hamburgers, A quota on German hamburgers, Free trade with German hamburger producers

Back

An embargo against German hamburger meat producers

Front

What does this picture represent best? Options: Specialization, Tariff, Embargo, Quota

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Specialization

Front

You are on a trip to Germany. You swap your dollars for Euros. Why exchange currency?

Back

To buy or sell goods in Germany; they won't take dollars.

Front

Free trade means there are no trade barriers, like tariffs. Which countries enjoy free trade?

Back

Spain, Italy, France