Economic Systems In Europe Question Preview (ID: 57839)


Economic Systems Of Germany, Russia, And The UK. TEACHERS: click here for quick copy question ID numbers.

In this economic system, the government determines what goods to produce, how to produce them, and for whom to produce these goods.
a) Communism
b) command
c) market
d) traditional

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) democratic
d) traditional

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) governmental questions
b) economic questions
c) democratic questions
d) economic statements

Both Germany and the UK have had economic struggles that include pollution and over depletion of these types of resources found in nature.
a) plastics
b) capital goods
c) factory and vehicle emissions
d) natural resources

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) Russia
d) Gibraltar

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) traditional
b) mixed market
c) command
d) tariff

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) Russia
b) UK
c) US
d) Moldova

Although Russia does have a mixed economic system, it is closer to this end of the economic continuum.
a) market
b) traditional
c) democratic
d) command

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) traditional
b) democratic
c) market
d) autocratic

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) Russia
b) United Kingdom
c) Slovenia
d) Lichtenstein

What to produce? How to produce? For whom to produce? The answer to these questions determines what _______ system a country has.
a) economic
b) government
c) location
d) trading

This economic system is based on bartering (trading) goods and services as people's ancestors did in the past.
a) command
b) democratic
c) market
d) traditional

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