click below
click below
Normal Size Small Size show me how
6th Grade
Unit 5 Economics of Europe Questions
Question | Answer |
---|---|
What type of economy do Russia, Germany and the UK have? | Germany and the UK had a mix market economy; Russia has a mixed command economy. |
What determines what is made in a market economy? | Supply and Demand (consumers/citizens) |
What determines what is made in a transitional economy? | Transitions |
What determines what is made in a command economy? | Government planners |
Why do most countries have a mixed economy? | Most countries have found that having a combination of market and command economies is the most successful |
What is the relationship between human capital and GDP? | The more that is invested in human capital, the higher the GDP |
What is the relationship between capital goods and GDP? | The more that is invested in capital goods, the higher the GDP |
What is the relationship between entrepreneurship and GDP? | The more entrepreneurship a country has, the higher the GDP |
What is the relationship between natural resources and GDP? | The more natural resources a country has, the higher the GDP |