Q2 Final Exam Review (Economics)

Match it! Select the correct answer from the pull down...Good luck!

RR4-4B Why would country put a trade barrier, like a tariff, in place?

RR2 In a _________________ economy, supply demand may be used to determine what will be produced, but the government may create some economic laws for public safety. For example, the government might make it illegal to sell cocaine.

RR4 A(n) _______________ is when a government places a tax on imported goods being sold in their country, to make foreign products less competitive.

RR3 Wood, Coal, Water, Oil are all examples of

RR4 A(n) _______________ is when a government places a limit on the amount of imported goods that can come into the country

RR3 Which of the following would be an example of investment in human capital?

RR4 Which of the following would be an example of a entrepreneurship?

QR18 Today, he United Kingdom, Germany, Russia all have a _________________ economy, because their governments have some, but not total control, of their economies.