10 Questions

A. the amount of money a country can print B. an indicator of how the stock market is performing C. countries with the ability to produce natural resources D. the way a country manages it money and resources to produce, buy and sell goods.

A. a nations stock market B. a nations GDP (gross domestic product) C. a nations government system D. a nations leader

A. a system where consumers and businesses control all aspects decisions making and the market B. a system where government controls all decisions made in business and ownership C. where customs (bartering) and habit control the market D. A government agency that issues bank deposits

A. a system where consumers and businesses control all aspects decisions making and the market B. a system where government controls all decisions made in business and ownership C. A system where bartering goods, customs, and no currency exist D. a system that combines both market and command economies

A. Nations do not thrive under competition. B. Nations take the best of both economy styles in order to have a free market but governmental control to protect the consumers. C. Nations expect consumers to want more governmental control in the market. D. Trade barriers are kept at minimum under mixed economic systems.

A. Someone who studies business in France. B. A business that monopolizes on a variety of goods and services. C. A person who risks their own finances to start a new business. D. A business that operates under a command economy.

A. A total amount of all businesses in a country. B. A total of the population who produces goods for a nation per year. C. A total of all goods and services produces in a nation per year. D. A total of all the machines and factories used to produce goods in a year

A. Natural resources provide solutions to command economies. B. Natural resources can become economic specializations which can be purchased by other nations. C. Natural resources can produce more human capital and capital goods that nation may lack. D. Natural resources have very little effect on a nations economy.

A. Israel has more economic specializations than Saudi Arabia and Turkey. B. Saudi Arabia and Turkey do not sell goods on the global market. C. Israels GDP per capita is much higher compared to that of Saudi Arabia and Turkey. D. Israel has a relatively lower GDP per capita compared to Saudi Arabia and Turkey.

A. It is an nations main import. B. It is a nations main currency used for goods produced. C. It is all the skills and education a workers in a nation gain to raise the GDP. D. It is a product that a nation produces in large amounts that earns the nation the most money.