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- 1. Multiple Choice
Which of these European countries has the least economic freedom and most government control?
Germany
Russia
United Kingdom
North Korea
- 2. Multiple Choice
Russia's economy is...
Mixed
Command
Market
Traditional
- 3. Multiple Choice
Which country is it hardest to start a business in?
Russia
United Kingdom
Germany
Spain
- 4. Multiple Choice
Russia is best at producing and trading oil; Germany exports cars. What is this concept called?
Specialization
Tariff
Embargo
Quota
- 5. Multiple Choice
What is a tariff?
Tax on imported goods
To stop trading with a business or country
A limit on imported goods
- 6. Multiple Choice
A quota is a limit on an imported good. Which is an example of a quota helping local farmers?
Taxing corn from another country.
Allowing less corn to be bought from other countries' farms.
To stop buying corn from another country
- 7. Multiple Choice
Russian government found deadly chemicals in German hamburgers. What will keep Russians safest?
An embargo against German hamburger meat producers
A tariff on German hamburgers
A quota on German hamburgers
Free trade with German hamburger producers
- 8. Multiple Choice
What does this picture represent best?
Specialization
Tariff
Embargo
Quota
- 9. Multiple Choice
You are on a trip to Germany. You swap your dollars for Euros. Why exchange currency?
To buy or sell goods in Germany; they won't take dollars.
Because dollars are worth the same as other currency
Because Euros are a great souvenir.
- 10. Multiple Choice
Free trade means there are no trade barriers, like tariffs. Which countries enjoy free trade?
Spain, Italy, Germany
Spain, Italy, France
Spain, France, Germany
Spain, France, Germany
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