Europe Economics Quiz

On the economic continuum, the United Kingdom is closer to

• Traditional

• Command

• Market

• Pure Command

On the economic continuum, Russia is closer to

• Command

• Market

• Traditional

• Pure Market

Even though Russia is closer to command on the continuum, the country will allow

• the European Union to make economic decisions for Russia

• producers and consumers to choose what, how and for whom to produce

• aerospace, shipping and oil companies to be freely owned

• None of the Above

Most Likely if a country has a high literacy rate they will also have a

• low Gross Domestic Product

• low standard of living

• high standard of living

• membership with the European Union

A country with a high literacy rate most likely has a high

• Gross Domestic Product

• natural resource

• farmable land

• illiterate population

An example of a country with a high literacy rate and low standard of living is

• United Kingdom

• Russia

• United States

• Germany

Which country does NOT have about a 100% literacy rate?

• Russia

• United Kingdom

• Germany

• Afghanistan

Which is NOT an advantage of the European Union?

• Free-Trade Zone

• Spread communism across Europe

• Common Currency (Euro)

• Free to move to European Union countries

Common currency used in the European Union.

• Euro

• Dollar

• Peso

• Dinar

Which would decrease trade between member countries in the European Union?

• Euro

• No Tariffs

• Allowing countries to impose tariffs on one another

• Allowing free movement of goods and people