European Economics

Front

How does a traditional economy make economic decisions?

Back

Customs and beliefs

Front

Who makes the decisions in a command economy?

Back

The government

Front

Most democratic countries have which type of economic system?

Back

Mixed

Front

Which is not one of the 3 economic questions?

• What to produce
• When to produce
• How to produce?
• For whom to produce?

Back

When to produce

Front

Which is a tax on imported goods?

Back

Tarriff

Front

Which is a limit on imported goods?

Back

Quota

Front

Which is a complete ban on trading?

Back

Embargo

Front

What is bartering?

Back

Trading without using money

Front

GDP per capita

Back

It is the GDP divided by the population.

Front

How do Russia's harsh climate, size, and few navigable rivers affect its economic development?

Back

Russia's natural resources are difficult to use.