Unit 5 Economics of Europe Questions
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| 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.
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| What determines what is made in a market economy? | Supply and Demand (consumers/citizens)
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| What determines what is made in a transitional economy? | Transitions
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| What determines what is made in a command economy? | Government planners
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| 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
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| What is the relationship between human capital and GDP? | The more that is invested in human capital, the higher the GDP
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| What is the relationship between capital goods and GDP? | The more that is invested in capital goods, the higher the GDP
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| What is the relationship between entrepreneurship and GDP? | The more entrepreneurship a country has, the higher the GDP
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| What is the relationship between natural resources and GDP? | The more natural resources a country has, the higher the GDP
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Created by:
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