The type of economy that is a combination of traditional, command, and market.
Mixed
100
In what country is it the easiest to start a business? Russia, UK, or Germany?
UK
100
If a country does not have natural resources of its own, what can it do?
Import them from other countries.
200
A type of trade barrier involving a number limit placed on goods brought into the country.
Quota
200
Does every member of the EU use the Euro?
no
200
The type of economy of the USA.
Mixed
200
This country uses the ruble for its currency.
Russia
200
Education, training, and the health of workers in a business are examples of _________________.
Hint: choose between physical capital and human capital.
Human capital
300
A tax on imports.
Tariff
300
What does the EU work to improve?
education, farming and trade
300
A type of economy based on customs and traditions.
Traditional
300
A European country that has a command economy.
Russia
300
What should a country invest in to increase the GDP?
Physical and human capital
400
Fertile soil, water, wind, trees, oil, natural gas
natural resources
400
Why was the EU created?
To make Europe more competitive in the world market.
400
A type of economy where the government decides what goods are made and how they are made.
Command
400
Which country has a market economy; Germany or Cuba?
Germany
400
Are factories, machines, buildings and technologies examples of physical or human capital?
Physical capital
500
A person who influences the growth of a country by
providing money to start a business, working to make the business profitable, and pays taxes to the government.
Entrepreneur
500
Does the EU control the military in the member countries?
no
500
An economy where the government is not involved, and the people are free to set prices for goods and services.
Market Economy
500
What country has a market economy, UK or Russia?
UK
500
What is a benefit of trading with countries that all use the same currency?