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Economic Systems In Europe
Test Description: Economic Systems of Germany, Russia, and the UK
Instructions: Answer all questions to get your test result.
1) What to produce? How to produce? For whom to produce? The answer to these questions determines what _______ system a country has.
A
government
B
location
C
economic
D
trading
2) In this European country where King Charles III is the head of state, individuals/citizens own businesses and corporations, and the government collects taxes and regulate some aspects of businesses.
A
Slovenia
B
Lichtenstein
C
United Kingdom
D
Russia
3) After Germany’s reunification in 1990, East Germany had to move away from a command economic system and move to a ______ economic system which set Germany's economy back.
A
democratic
B
autocratic
C
market
D
traditional
4) Although Russia does have a mixed economic system, it is closer to this end of the economic continuum.
A
traditional
B
democratic
C
market
D
command
5) This country has had economic struggles and has had to raise taxes to upgrade old manufacturing plants and industries as they transition from the former Soviet Union.
A
UK
B
Russia
C
US
D
Moldova
6) Germany has this type of economic system in which Individuals/citizens own businesses corporations, and the government has some regulation in agriculture, telecommunications, and energy.
A
tariff
B
command
C
traditional
D
mixed market
7) In this European country, businesses are owned mostly by individuals and corporations, but the government has many restrictions on businesses and controls many of the larger industries.
A
UK
B
Andorra
C
Gibraltar
D
Russia
8) Both Germany and the UK have had economic struggles that include pollution and over depletion of these types of resources found in nature.
A
capital goods
B
natural resources
C
plastics
D
factory and vehicle emissions
9) What to produce? How to produce? For whom to produce? These are known as the three _________ that determine what economic system a country has.
A
democratic questions
B
economic questions
C
economic statements
D
governmental questions
10) In a ________ economic system, buyers and sellers determine what goods to produce, how to produce them, and for whom to produce these goods.
A
market
B
command
C
traditional
D
democratic
11) In this economic system, the government determines what goods to produce, how to produce them, and for whom to produce these goods.
A
traditional
B
command
C
Communism
D
market
12) This economic system is based on bartering (trading) goods and services as people's ancestors did in the past.
A
market
B
command
C
democratic
D
traditional
*select an answer for all questions
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