European Economics
Quiz by Jennifer Nix
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- Q1
What are the 3 economic questions that every country must answer?
What to produce, how to sell, for whom to produce
What to produce, how to produce, for whom to produce
What to produce, how to produce, for whom to consume
30s - Q2
How do members of a traditional economy trade goods?
Bartering
Go to Walmart
From the government
30s - Q3
In a command economic system, who makes the decisions?
Government
President
Citizens
30s - Q4
Most democratic countries have ______________ economies.
Traditional
Mixed
Parliamentary
30s - Q5
A type of economic system where the price of goods and services is controlled by the government.
Traditional
Command
Mixed
30s - Q6
Citizens own all the country's land, resources, and factories.
Command
Mix
Market
30s - Q7
What type of economic system is found in Germany?
Traditional
Market
Mixed
30s - Q8
What type of economic system is found in Russia?
Command
Traditional
Mixed
30s - Q9
Which country is closet to having a pure market?
United Kingdom
Russia
Germany
30s - Q10
Which country has a mixed economy in which the government regulates some industries and sets prices?
Germany
Ukraine
Russia
30s - Q11
What country has a mixed economy in which the government controls key resources?
UK
Russia
Ukraine
30s