6SW521 Article 3: Germany's Economic System

What type of economy does Germany have?

• Command economy
• Mixed economy
• Traditional economy
• Barter economy

Which of the following is a significant factor in Germany's economic success?

• High unemployment rate
• Low literacy rate
• Strong education system
• Limited natural resources

What was the purpose of the Marshall Plan for Germany?

• To promote military growth
• To help rebuild after World War II
• To increase tourism
• To reduce exports

Which industry is Germany the largest exporter in?

• Textiles
• Automobiles
• Agriculture
• Technology

How does Germany support its citizens experiencing poverty?

• Through social welfare programs
• By increasing taxes
• By reducing education
• By limiting job opportunities

What percentage of working Germans are employed by small businesses?

• 30%
• 50%
• 60%
• 80%

What is a key characteristic of Germany's education system?

• All students attend the same school
• Students are separated based on academic levels
• Education is not prioritized
• Vocational training is not available

Which of the following best describes social welfare?

• Government assistance for the wealthy
• Support for citizens in poverty
• A type of business investment
• A method of increasing exports

What role do entrepreneurs play in Germany's economy?

• They only work in large corporations
• They create specialized goods and services
• They focus on government jobs
• They avoid international trade

What is Germany's GDP as of 2022?

• $2 trillion
• $3 trillion
• $4.503 trillion
• $5 trillion