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Powerpoint Jeopardy! Unit 4: Europe s Economic Systems * Category 1 - 10 * Category 1 ... Which country has a command economy? Russia has a mixed economy. – PowerPoint PPT presentation

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Title: Powerpoint Jeopardy!


1
Powerpoint Jeopardy!
  • Unit 4 Europes Economic Systems

2
Categories
Economic Systems Trade Barriers Economic Growth Comparing European Economies Miscellaneous
10 10 10 10 10
20 20 20 20 20
30 30 30 30 30
40 40 40 40 40
50 50 50 50 50
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

10
What is an example of a physical trade barrier?
  • Mountain
  • Tariff
  • Quota
  • Embargo

11
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.

15
What is an example of human capital?
  • Roads
  • Education
  • Factories
  • Machinery

16
What is an entrepreneur?
  • A leader of a country.
  • A person who starts a business.
  • A worker in a factory.
  • A student in college.

17
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

18
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

19
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

29
Sorry! Thats incorrect. Better luck next time
30
Congratulations! Thats the correct answer!
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