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SS6E7: Europe's Economic Systems
Test Description: SS6E7
Instructions: Answer all questions to get your test result.
1) The United Kingdom can best be described as having which type of economy?
A
Traditional
B
Market-leaning
C
Pure Market
D
Command-leaning
2) Which economic system is characterized by decisions being made by the government.
A
market
B
command
C
a mix of market and command
D
traditional
3) Which of these accurately describes the UK, Germany, and Russia's economic system?
A
Market
B
a mix of market and command
C
command
D
traditional
4) Which country has the highest amount of government regulation and control of the economy
A
Germany
B
Australia
C
Russia
D
United Kingdom
5) Which country is the MOST market leaning?
A
Russia
B
United Kingdom
C
Germany
6) Russia's economy can be represented on the economic continuum as...
A
closer to pure market
B
between the two (in the middle)
C
none of these
D
closer to pure command
7) Tribes in northern Russia use bartering as a means of trading goods. What type of economic system is bartering found in?
A
Market
B
Traditional
C
Command
D
Mixed
8) Economy is almost entirely run by market forces; most market leaning of the 3 countries, government plays a limited role
A
United Kingdom
B
Russia
C
none of the above
D
Germany
9) Mixed (market leaning), government regulates some industries and sets prices, economy struggled after absorbing a communist country in 1990.
A
United Kingdom
B
Russia
C
none of the above
D
Germany
10) Government controls many key resources, most command leaning of the 3 countries, has been moving away from command since fall of Soviet Union
A
Germany
B
None of above
C
Russia
D
United Kingdom
*select an answer for all questions
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