1. What are the three questions that every country must answer when developing its economic plan?

2. The way a country answers these questions determines its

3. Economic system in which roles and jobs are inherited.

4. Economic system in which roles and jobs are determined by the government.

5. Economic system in which the citizens dictate what goods and services to sell.

6. Trading without using money

7. In this economic system, the government regulates all the country’s economic decisions: prices of goods, wages of workers, goods to be made, etc.

8. in this economic system the government has no control over the economy; private citizens answer all economic questions.

9. Countries with command economies have the same type of government: The government is in control of everything.

10. This system answers the three economic questions based on ______________________ in the market place.

11. Most democratic countries have some characteristics of both systems, so we keep it simple and call them:

12. What type of economy would A represent on the continuum?

13. What type of economy would B represent on the continuum?

14. Out of the 3 countries we discussed, which one has more economic freedoms?

15. When different countries choose to engage in the exchange of goods with one another it is called

16. This is an efficient way to work, and the cost of items produced is lower.

17. These are natural or man-made obstacles to voluntary trade.

18. This is an important part of every country’s economy.

19. To limit or control trade, countries set up trade barriers, such as

20. Countries sometimes set up trade barriers to __________________ because they want to produce their own goods and sell them in their own country.

21. Tariffs are taxes placed on imported goods and are used to protect a country’s own businesses from foreign competition

22. ____________ are restrictions on the amount of a good that can be imported into a country. They are used to prevent too much of a good from entering a country.

23. Embargoes are a political barrier to trade. In an embargo, a nation forbids trade with another country.

24. Spain placing a tax on Italy on all imported produce is an example of a/an:

25. Something that is assigned value and can be used to purchase goods and services in a market.

26. When money from one country must be converted into the currency of another country to pay for goods in that country it is called

27. What the currency of a nation is worth in terms of another country’s currency is called the

28. Russia stopping all trade with the U.K. is an example of a/an:

29. A country’s _____________ is the total dollar value of all goods and services produced in one year.

30. Countries with a higher GDP per capita have weaker economies, while countries with lower GDP per capita have weaker economies.

31. The four main categories of productive resources are

32. What does GDP stand for?

33. Natural resources are

34. Capital goods are the man-made materials that are needed to produce goods and services.

35. Some examples of capital goods include factories, machinery, technology, buildings, tools, etc.

36. Some of a country’s most important resources are its people is an example of

37. Examples of human capital are doctors, teachers, and factory workers all have a different set of skills and they each help to produce different goods or services.

38. A country’s ___________________ is the percentage of adults who can read and write.

39. Countries with high literacy rates enjoy a low standard of living (the level of wealth and material comfort available).

40. An ________________ is someone who takes risks to start a new businesses and produce fresh ideas for goods or services and then they use natural resources, capital goods, and human capital to bring those ideas to life.

What type of democracy involves a prime minister as head of government?

What type of government has a parliament that votes for the citizens?

What type of democracy has the chief executive as a president?

What type of democracy has a monarch as a symbolic head of state?

In an autocratic system of government who holds has all of the power?

In a parliamentary system who has the most power?

In Germany the head of government is a _______________, which is synonymous with a prime

The U.K. has a bicameral (two house legislature) called the House of Lords and the House of Commons. Which of these houses has the most power?

Which of the following was once an autocratic state of government before the collapse of the Soviet Union?

Which of the following countries has the least amount of democracy compared to the other two?

Which is the oldest of the three main religions of Europe?

What have Europeans done to try to solve the problem of so many languages?

17. What body of water lies between Europe, Asia, & Africa?

18. If you were traveling from Portugal to France, which country would you travel through?

19. Which mountain range stretches across the top of Italy?

20. What region of flat farmland stretches across the northern part of Europe?

The ______________ in Germany is the most important commercial waterway in Europe.

Which religion is growing at the fastest rate?

Which of the following is NOT a main export of Russia?

What religion is the historical foundation for Christianity?

Russia is the largest country in Europe.

Which religion has a holy book called the Torah?

Which is the first recorded religion to worship only one God?

How are the three religions (Christianity, Islam, and Judaism) alike?

What does mono means?

Which religion has the Star of David as a symbol?

The Russian language is under the category of a

Many European languages come have the same roots and come from the _________________ language

What does monotheistic mean?

Which of these is NOT a reason why trade is difficult in Russia?

How many people live in the United Kingdom?

How far is Russia from the United States?

Who is the US top trading partner?

Is manufacturing decreasing or increasing in the UK?

Why do few people live in the northern region of Russia?

Which religion is the fastest growing religion?

The climate of the United Kingdom is BEST described as

Why does western Europe have such a warm climate when it is so far north of the equator?

Which country only has two seasons?

Which European language has the largest number of native speakers?

What is the capital of the United Kingdom?

Which religion is the dominant religion in Europe?

Most of Russia natural resources are located in the Ural Mountains.

What is one of the three languages spoken in Europe?

United Kingdom’s seaports are blocked half of the year with ice.

Which religion involves praying toward mecca 5 times a day?

Almost 400 million speak this language because it is often their choice for a second language.

What is the capital of Germany?

How do you feel you did on the test?

Which religion has the cross as a symbol?