Economics Of Europe Question Preview (ID: 11579)


Review Economic Terms Of Europe. TEACHERS: click here for quick copy question ID numbers.

Which economy has the most government control and the least citizen participation?
a) command
b) traditional
c) mixed
d) market

Which trade barrier stops trade between countries for political or environmental reasons?
a) barrier
b) tariff
c) quota
d) embargo

A person who has innovative ideas and is willing to take a risk is a(n)
a) chancellor
b) quota
c) entrepreneur
d) duma

The currency developed by the EU to make trade easier is the
a) Euro
b) Wruble
c) Pound
d) Franc

The 27 member organization that encourages trade among countries in Europe is the
a) European Union
b) State Duma
c) Judicial Branch
d) Federal Assembly

What once currency is worth in another country is it's _____.
a) embargo
b) quota
c) GDP
d) foreign exchange rate

The total worth of a country\'s goods & services produced in a year is its ______.
a) foreign exchange rate
b) standard of living
c) literacy rate
d) gross domestic product

The ability to read & write, known as ______________, has great affects on a country\'s GDP.
a) federal system
b) standard of living
c) literacy rate
d) judicial system

A limit on imports of goods produced is a(n)
a) embargo
b) tariff
c) quota
d) GDP

The level of comfort measured by goods and services available is the
a) foreign exchange rate
b) standard of living
c) literacy rate
d) GDP

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