Russia Economy

After gaining independence, several former-Soviet republics sold government-owned business to private individuals and encouraged private investment in businesses. These types of economic activities are an example of a what?

• Market Economy

• Traditional Economy

• Command Economy

• Single-Crop Economy

In a Communist economic system, such as that of the former Soviet Union, economic decisions are primarily made by?

• The Central Government

• Consumers and Producers

• Traditional indigenous leaders

• The owners of major industries

Who decided which crops to grow on the collective farms of the Soviet Union?

• the store that would buy crops

• the landlord

• the foreman of the workers' union

• the government

economy in which the government controls all production and distribution of goods and services

• command economy

• subsistence farming

• factors of production

• republic

economy in which the government owns and operates large-scale companies for the benefit of the public

• command economy

• subsistence farming

• factors of production

• socialist economy

Which of the following shows that Russia still partially operates under a command economy?

• Most oil and gas industries are government owned

• Many people live in poverty

• A bottle of Coke costs around 68 cents

• The president is the leader of the country

Russia has limits placed on its ability to trade since it lacks access to -

• warm water ports

• natural resources

• trading partners

• ships

A majority of Russia’s economic activity is related to -

• agricultural

• retail

• manufacturing

• service

What type of economy does Russia primarily have today?

• Market Economy

• Command Economy

• Mixed Economy

• Traditional Economy

Which sector is the largest contributor to Russia's GDP?

• Agriculture

• Manufacturing

• Services

• Energy