WorksheetsUnit 6 Summative - Economies in Europe
Total questions: 18
Worksheet time: 9mins
Name
Class
Date
1.
What are the 3 economic questions that every country must answer?
a)
a. what to produce, what to sell, how to sell
b)
b. for whom to produce, how to produce, what natural resources is used
c)
c. what to produce, how to produce, for whom to produce
d)
d. what capital goods is used, what business name is created, what goods/services sold
2.
Traditional economic systems rely on ____.
a)
a. currency (money)
b)
b. supply and demand
c)
c. bartering
d)
d. government control
3.
In a _____ economy, the government regulates all the country's economic decisions.
a)
a. traditional
b)
b. market
c)
c. command
d)
d. mixed
4.
In a _____ economy, goods and services produced are determined by what consumers want to buy and what produces want to sell.
a)
a. traditional
b)
b. market
c)
c. command
d)
d. mixed
5.
Mixed economies are a combination of _____ and ____ economy systems.
a)
a. traditional & command
b)
b. command & market
c)
c. market & traditional
6.
Most European countries have _____ economies.
a)
a. traditional
b)
b. market
c)
c. command
d)
d. mixed
7.
The United Kingdom's mixed economy is very close to a pure ____ economy.
a)
a. command
b)
b. market
c)
c. traditional
8.
The United Kingdom is one of the world's leading _____.
a)
a. industrial powers
b)
b. banking powers
c)
c. fishing & shipping powers
d)
d. oil powers
9.
Even though Germany's mixed economy has many market elements, the government still plays a significant role in the country's economy.
a)
a. True
b)
b. False
10.
Russia's economy continues to struggle as it moves from being a command economy to a mixed economy.
a)
a. True
b)
b. False
11.
The four main categories of productive resources are: ____, ____, ____, & ____.
a)
a. capital goods, trees, currency, bartering
b)
b. human capital, natural resources, parliament, market
c)
c. natural resources, entrepreneurship, capital goods, human capital
12.
Literacy is the ability to ____ & ____.
a)
a. count money & read
b)
b. write & save money
c)
c. sing & dance
d)
d. write & read
13.
Entrepreneurs help the economy grow by opening new businesses and developing new products, which _____.
a)
a. creates new jobs
b)
b. makes plenty of money
c)
c. helps business owners
d)
d. helps the government
14.
Tariffs are taxes on ___ goods.
a)
a. exported
b)
b. imported
c)
c. bad
d)
d. good
15.
The European Union was created to encourage war between European countries.
a)
a. True
b)
b. False
16.
The European Union acts as a ____.
a)
a. government
b)
b. safety net for European countries
c)
c. conferderation
d)
d. federation
17.
All members of the European Union use one form of currency called the euro.
a)
a. True
b)
b. False
18.
Brexit is also known as the _____ from the European Union.
a)
a. British Exit
b)
b. Brave Exit
c)
c. Bold Exit
100 %
