Government Returns!
Citizens over the age of 18 are allowed to vote for members of the German Bundestag
What is Germany's parliamentary democracy?
If Bob wants to sell his goods to countries outside of the European Union, what needs to be in place so he can accurately determine the price of products in these other nations
What is a system of exchanging currencies between countries?
Other than peace keeping, what is one of the main purposes of the EU?
What is to promote voluntary free trade for member nations?
Total of goods and services a nation produces in a years' time
What is GDP?
In a market economy, this strongly affects the price and quality of goods and services
What is competition as well as supply and demand ?
How the government of Russia changed after the Cold War ended
What is it changed from an autocracy to a democracy?
What the government places tariffs upon
What is imported goods?
How healthy and wealthy a country is
What is standard of living?
What causes a country to move toward a command economy on the continuum
What is any government regulation or laws whether good or bad?
Type of economy in MOST European countries
What is mixed?
Type of government found in Germany and the United Kingdom
What is parliamentary?
The European Union is MORE LIKELY to set a trade embargo on an outside country instead of a tariff if they have this goal.
What is the goal of enforcing a penalty?
The higher the literacy rate then the higher this...
What is the higher the standard of living?
Brianna takes cooking classes and starts her own restaurant.
What is Entrepreneurship?
The former Soviet Union would be closest to this economic system on the economic continuum
What is command?
Vlad is 19 years old. Vlad is able to directly vote for the head of government in his country. Vlad most likely lives in what European nation?
What is Russia?
mountain, desert
What is an example of a physical trade barrier?
Sending workers to get training
What is an example of investing in human capital?
3 Economic Questions
What is produced, how is it produced, and for whom is it produced?
Russia’s economy changed at the end of the Cold War (end of communism)
What is it moved closer to a market system on the continuum?
Contrast leadership for Head of Government and Head of State in Russia versus the United Kingdom.
What is in the United Kingdom, the monarch is the head of state and the prime minister is the head of government; in Russia the president is head of government and head of state?
When a country becomes an expert at exporting one particular item for trade
What is specialization?
Investing in capital goods will increase this
What is GDP?
Reason the EU might raise tariffs on a product they are producing against another country's same product
What is to protect their own products and profits by taxing the other country?
Out of the UK, Germany, and Russia, the most command leaning is Russia, but which is the most market leaning country
What is the United Kingdom?