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Economics And Evnironmental Issues In Europe
Test Description: Unit 4 vocabulary
Instructions: Answer all questions to get your test result.
1) Economy dictated by government
A
market
B
command
C
traditional
2) economy driven by individuals and private ownership with limited government interference
A
command
B
market
C
traditional
3) economy based on the customs or traditions of the local indigenous population
A
market
B
command
C
traditional
4) restrictions or limits on trade
A
trade barrier
B
GDP
C
entrepreneurship
5) trade barrier that ends trade with another country for political or safety reasons
A
tarriff
B
quota
C
embargo
6) a limit on the amount of goods that can be imported or exported
A
quota
B
embargo
C
tariff
7) trade restriction that imposes taxes on imported goods
A
tariff
B
embargo
C
quota
8) people that contribute to the economy
A
entrepreneurship
B
human capital
C
GDP
9) the total value of goods and services produced in a country in a year per person
A
GDP
B
human capital
C
quota
10) a confederation of countries in Europe that have come together for limited economic and polictical reasons
A
chernobyl
B
European Union
C
mixed economy
*select an answer for all questions
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