Economics Government

In this type of economy, everything is determined by supply and demand. There is no government involvement?

• Command

• Market

• Mixed

• Traditional

This trade barrier involves taxing imported goods to protect businesses in the country that is taking in the imports.

• embargo

• tariff

• sanction

• quota

This type of trade barrier limits the amount of goods that are imported. It is not a tax.

• embargo

• tariff

• sanction

• quota

This type of trade barrier is the most strict. It involves shutting down trade between countries

• embargo

• tariff

• sanction

• quota

Tariffs, embargos, and quotas all slow the movement of goods from one country to another. They are considered...

• taxes on imports

• trade barriers

• physical trade barriers

• governement incentives

The 5 Fields of Social Studies are C.H.E.G.G., which are Culture, History, ______, Government, and Geography.

• Ecology

• Environment

• Economics

• Evolution

The measure of the total value of all the goods and services of a country in a given period of time is...

• Culture

• Governmental totals

• ASAP

• Gross Domestic Product

What is the primary role of government in a mixed economy?

• To control all economic activities

• To regulate and support economic activities

• To eliminate private ownership

• To establish a barter system

Which economic system is characterized by government ownership of resources and centralized decision-making?

• Market economy

• Mixed economy

• Command economy

• Traditional economy

In a market economy, who primarily makes the decisions about what to produce?

• The government

• Consumers and producers

• International organizations

• Local communities