Economics And Evnironmental Issues In Europe: Question Preview (ID: 11397)


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Economy dictated by government
a) command
b)
c) market
d) traditional

economy driven by individuals and private ownership with limited government interference
a) command
b)
c) market
d) traditional

economy based on the customs or traditions of the local indigenous population
a) command
b)
c) market
d) traditional

restrictions or limits on trade
a) trade barrier
b)
c) entrepreneurship
d) GDP

trade barrier that ends trade with another country for political or safety reasons
a) quota
b)
c) embargo
d) tarriff

a limit on the amount of goods that can be imported or exported
a) embargo
b)
c) quota
d) tariff

trade restriction that imposes taxes on imported goods
a) embargo
b)
c) tariff
d) quota

people that contribute to the economy
a) human capital
b)
c) GDP
d) entrepreneurship

the total value of goods and services produced in a country in a year per person
a) human capital
b)
c) quota
d) GDP

a confederation of countries in Europe that have come together for limited economic and polictical reasons
a) chernobyl
b)
c) European Union
d) mixed economy

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