Circle B: Question Preview (ID: 26733)


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_________ is how much one currency is worth in terms of another countries currency.
a) Exchange rate b) Population density c) quota barrier d) market mixed system
When money from one country is changed into money from another country that is called
a) exchanging currencies b) changing banks c) foreign affairs d) traditional embargo
Every country uses the same currency.
a) False b) True c) d)
all currency is worth the same amount
a) False b) True c) d)
Someone traveling from Thomasville to Europe might have to
a) exchange dollars for Euros b) use more dollars in Europe c) use less dollars in Europe d) do nothing because currencies are the same around the world
tax on imports
a) tariff b) quota c) embargo d) command
restrictions and limits on imports
a) quota b) tariff c) embargo d) market
forbids and stops all trade
a) embargo b) tariff c) quota d) traditional
three economic questions
a) what to produce, how to produce, for whom to produce b) what to produce, when to produce, for whom to produce c) where to produce, how to produce, for whom to produce d) what to produce, how to produce, where to produce
based on past customs
a) traditional economy b) market economy c) command economy d) tariff economy
based on government demands
a) command economy b) traditional economy c) market economy d) mixed economy
based on buyers and sellers
a) market economy b) traditional economy c) quota economy d) command economy
MOST economic systems are
a) mixed b) market c) command d) traditional
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