SS6E7: Europe's Economic Systems Question Preview (ID: 54368)


SS6E7. TEACHERS: click here for quick copy question ID numbers.

The United Kingdom can best be described as having which type of economy?
a) Market-leaning
b) Command-leaning
c) Pure Market
d) Traditional

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

Which of these accurately describes the UK, Germany, and Russia's economic system?
a) Market
b) command
c) a mix of market and command
d) traditional

Which country has the highest amount of government regulation and control of the economy
a) Russia
b) Germany
c) Australia
d) United Kingdom

Which country is the MOST market leaning?
a) Germany
b) United Kingdom
c) Russia
d)

Russia's economy can be represented on the economic continuum as...
a) closer to pure command
b) closer to pure market
c) between the two (in the middle)
d) none of these

Tribes in northern Russia use bartering as a means of trading goods. What type of economic system is bartering found in?
a) Market
b) Command
c) Mixed
d) Traditional

Economy is almost entirely run by market forces; most market leaning of the 3 countries, government plays a limited role
a) United Kingdom
b) Germany
c) Russia
d) none of the above

Mixed (market leaning), government regulates some industries and sets prices, economy struggled after absorbing a communist country in 1990.
a) United Kingdom
b) Germany
c) Russia
d) none of the above

Government controls many key resources, most command leaning of the 3 countries, has been moving away from command since fall of Soviet Union
a) United Kingdom
b) Germany
c) Russia
d) None of above

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