Economy and Trade of Europe Test

The United Kingdom has a Mixed Market Economy.

• True

• False

A type of economy in which the economic decisions and efforts are directed by a government organization.

• traditional economy

• command economy

• mixed economy

• market economy

A type of economy that combines aspects of different economic systems.

• traditional economy

• command economy

• mixed economy

• market economy

Germany has a mixed economy.

• True

• False

Social Welfare is where government does not care about it's people?

• True

• False

How does a nation's high literacy rate improve the standard of living?

• Literate people have more employment opportunities.

• High literacy rates only exist in countries with a high GDP.

• High literacy rates are a sign of abundant natural resources.

• Literate people only live in nations that invest in entrepreneurs.

What is Germany’s Place in the World Economy?

• 11th

• fourth-largest

• sixth-largest

• No ranking

Russia has a mixed market-oriented economy.

• True

• False

Citizens of The United Kingdom decided to leave the European Union in 2016, this was known as:

• Freedom

• Entrepreneur

• Brexit

• Social Welfare

Exports are goods and resources sold to another country.

• True

• False