Title: Powerpoint Jeopardy!
1Powerpoint Jeopardy!
- Unit 4 Europes Economic Systems
2Categories
Economic Systems Trade Barriers Economic Growth Comparing European Economies Miscellaneous
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3The economic system of most communist countries
is
- Market
- Traditional
- Command
- Mixed
4Which 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?
5What is found in a market system, and not a
command or traditional system?
- Free labor
- Free enterprise
- Government control of industry
- Bartering
6Economic decisions based on customs beliefs are
found where?
- Command economy
- Free enterprise
- Market economy
- Traditional economy
7Which 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.
8The number limit on how many items of a
particular product can be imported from a country
is the
- Quota
- Embargo
- Tariff
- Demand
9Which is NOT an economic trade barrier?
- Mountain
- Tariff
- Quota
- Embargo
10What is an example of a physical trade barrier?
- Mountain
- Tariff
- Quota
- Embargo
11NAFTA was designed to promote free trade between
the US,
- UK, and Germany.
- Canada, and Germany.
- Mexico, and UK.
- Canada, Mexico.
12When a government decides to increase a tariff,
it increases the tax on
- Peoples incomes.
- natural resources.
- Imported goods.
- Peoples property.
13Which economic term best describes sending goods
to another country getting goods from another
country?
- Buying and selling
- Supply demand
- Productions consumption
- Importing exporting
14A product of the earth that people use to meet
their needs is a
- Good.
- Natural resource.
- Capital good.
- Service.
15What is an example of human capital?
- Roads
- Education
- Factories
- Machinery
16What is an entrepreneur?
- A leader of a country.
- A person who starts a business.
- A worker in a factory.
- A student in college.
17What 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
18What 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
19Which country has a command economy?
- Germany
- Canada
- United Kingdom
- Soviet Union
20Russia has a mixed economy. Its economy has
moved away from command closer to market since
21What 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
22How 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.
23Which 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.
24Which country is closest to having a pure Market
economy?
25Which economic term is defined as the exchange of
goods services without using money?
- Barter
- Profit
- Investment
- Import
26What type of economic system do most democratic
countries have?
- Command
- Traditional
- Market
- Mixed
27Which economic system is based on individual
choice?
- Command
- Traditional
- Market
- Mixed
28Which economic term is used to describe a lack of
a particular resource, such as water, food, or
oil?
- Supply
- Demand
- Scarcity
- Surplus
29Sorry! Thats incorrect. Better luck next time
30Congratulations! Thats the correct answer!