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Techcentral Europe 1

social studies

QuestionAnswer
traditional economy An economy in which customs of the past decide process of goods and services
command economy An economy in which the government decides the process of goods and services
market economy An economy in which supply and demand decides the process of goods and services
mixed economy An economy that blends characteristics of both command and market economies but falls closer to one form or the other
5. What three economic questions are asked when studying the similarities of a traditional, command, and market economy among the nations of the world? What to produce, how to produce, and for whom to produce
types of economy based on inheritance and culture Traditional
type of economy based on supply and demand Market
type of economy based on combination of supply, demand, and the government Mixed
type of economy based on the government Command
Europeans explored to spread religion TRUE
Europeans explored to get rich true
Europeans explored to build cars and planes false
Europeans explored to find new routes to Asia true
Europeans explored to find spices, silks, gold, and silver true
Europeans explored to build a mansion false
Europeans explored to expand their territories true
Europeans explored to find natural resources true
Europeans explored to pave roads false
Europeans explored learn more about the world true
During the Russian Revolution, the Winter Palace was seized true
During the Russian Revolution, they got rid of Czar Nicholas II true
During the Russian Revolution, peasants revolted true
During the Russian Revolution, the Cold War started false
Which countries have literate workers, a free market economy and are rich in natural resources? Italy, Germany, and Russia
Which country had to unite two different economic systems? Germany
List the following world economies in order from most restrictive to least restrictive. (Russia, Germany, United States, Cuba, United Kingdom) Cuba, Russia, Germany, UK and USA
In which country would it be most difficult for a person to start a business? Russia
Wht is the term used for someone who takes a risk and starts a business? entrepreneur
Created by: TechCentral101
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