Powerpoint Jeopardy!

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Powerpoint Jeopardy!

• Unit 4 Europes Economic Systems

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Categories
Economic Systems Trade Barriers Economic Growth Comparing European Economies Miscellaneous
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3
The economic system of most communist countries
is

• Market
• Traditional
• Command
• Mixed

4
Which of the following is NOT one of the
questions that every economic system must answer?

• What to produce?
• How to produce?
• Whos going to produce it?
• For whom to produce?

5
What is found in a market system, and not a
command or traditional system?

• Free labor
• Free enterprise
• Government control of industry
• Bartering

6
Economic decisions based on customs beliefs are
found where?

• Command economy
• Free enterprise
• Market economy
• Traditional economy

7
Which of the following best describes a market
system?

• The government provides services, such as
  telephones televisions.
• A person can start any legal business charge
  any price.
• The government provides food housing to all
  workers.
• National businesses are owned by the workers.

8
The number limit on how many items of a
particular product can be imported from a country
is the

• Quota
• Embargo
• Tariff
• Demand

9
Which is NOT an economic trade barrier?

• Mountain
• Tariff
• Quota
• Embargo

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What is an example of a physical trade barrier?

• Mountain
• Tariff
• Quota
• Embargo

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NAFTA was designed to promote free trade between
the US,

• UK, and Germany.
• Canada, and Germany.
• Mexico, and UK.
• Canada, Mexico.

12
When a government decides to increase a tariff,
it increases the tax on

• Peoples incomes.
• natural resources.
• Imported goods.
• Peoples property.

13
Which economic term best describes sending goods
to another country getting goods from another
country?

• Buying and selling
• Supply demand
• Productions consumption
• Importing exporting

14
A product of the earth that people use to meet
their needs is a

• Good.
• Natural resource.
• Capital good.
• Service.

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What is an example of human capital?

• Roads
• Education
• Factories
• Machinery

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What is an entrepreneur?

• A leader of a country.
• A person who starts a business.
• A worker in a factory.
• A student in college.

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What is this statement referring toOur workers
must be prepared for the high-tech jobs of the
21st century. My plan will give incentives to
companies who provide technology education
training to increase the skills of the employees.

• Foreign exchange
• Capital goods
• Human capital
• Free enterprise

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What is this statement referring toOur workers
must be prepared for the high-tech jobs of the
21st century. My plan will give incentives to
companies who invest in up-to-date computers, new
office buildings, wireless communications
systems.

• Foreign exchange
• Capital goods
• Human capital
• Free enterprise

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Which country has a command economy?

• Germany
• Canada
• United Kingdom
• Soviet Union

20
Russia has a mixed economy. Its economy has
moved away from command closer to market since

• 1917.
• 1922.
• 1991.
• 2001.

21
What do the economic systems of the United
Kingdom, Russia, Germany have in common?

• All are pure market economies.
• All are mixed economies
• All are command economies
• All are traditional economies

22
How do Russias harsh climate, size, few
navigable rivers affect its economic development?

• Russia is the richest nation on earth.
• The land in Siberia is easy to farm.
• Russias natural resources are difficult to use.
• Russia can easily transport goods to Asia.

23
Which statement best describes the economic
system of the Soviet Union?

• The central government planned the economy for
  the entire nation.
• Its economics were controlled by the global
  economy.
• Individuals made economic decisions based on
  supply demand.
• Workers made most of the economic decisions for
  the country.

24
Which country is closest to having a pure Market
economy?

• Cuba
• Russia
• USA
• Germany

25
Which economic term is defined as the exchange of
goods services without using money?

• Barter
• Profit
• Investment
• Import

26
What type of economic system do most democratic
countries have?

• Command
• Traditional
• Market
• Mixed

27
Which economic system is based on individual
choice?

• Command
• Traditional
• Market
• Mixed

28
Which economic term is used to describe a lack of
a particular resource, such as water, food, or
oil?

• Supply
• Demand
• Scarcity
• Surplus

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Sorry! Thats incorrect. Better luck next time
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Congratulations! Thats the correct answer!