Europe II: Question Preview (ID: 14734)

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The leader of the Parliament in countries such as Australia, Canada, and the United Kingdom is called the
a) speaker. b) president. c) chairman. d) prime minister.
Which statement about the United Kingdom’s parliamentary system of government is correct?
a) Members of both houses of Parliament are elected for life. b) The queen decides which laws Parliament will debate. c) Members of Parliament do not belong to political parties. d) The prime minister is not directly chosen by voters.
Russia has a type of government in which power is formally divided between one central authority and several regional authorities. Name the type of government.
a) Federation b) Dictatorship c) Oligarchy d) Constitutional Monarchy
An example of economic cooperation among European nations that occurred in the late 1900s was the
a) creation of the United Nations. b) signing of the Treaty of Versailles. c) creation of the League of Nations. d) introduction of the Eurodollar.
How has the European Economic Community/European Union been a benefit to the countries that have joined it?
a) The use of tariffs has increased trade. b) Trade among member nations has decreased. c) More people now make full use of their country's resources. d) The exchange of goods among the members has become easier.
In a traditional economic system people usually exchange goods or services rather than use money. Which of the following is an example of this exchange process?
a) charging goods on a credit card b) bartering with a seller c) paying for services by check d) using currency to pay
A market economy is very different from a command economy. Which of the following is found in a market economy?
a) competition b) guaranteed yearly pay raises c) government control of industry d) government control of agriculture
When a country has a market economy, which of these statements correctly defines this system?
a) Workers are guaranteed a pay raise every year. b) The government controls most of the businesses in the country. c) Basic goods in the country are provided to all people without charge. d) Companies produce goods of their choice and consumers decide whether to buy the goods.
Which term best describes an economic system in which the people—not the government—own land, factories, and businesses?
a) communism b) market c) command d) traditional
Which of the following explanations would reflect a country with a mixed economy?
a) Prices and wages are solely regulated by a country’s b) A combination of privately-owned industry and government control c) A country’s distribution of resources is based on inheritance d) traditional
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