Unit 3 Economies of Europe
Terms in this set (16)
It would be hardest to start a business in this country.
This country leans more toward market than the others.
This country has some private ownership of business, but the government regulates the agriculture, energy, & telecommunications industries.
This country leans more toward command than the others.
This country allows buyers/sellers to decide the prices of goods/services based on supply & demand.
The government of this country owns large industries such as shipping, oil, natural gas, & aerospace technology.
The currency used by the countries in the European Union (EU).
When a company spends money on education and healthcare for their workers, they are investing in what?
When a company buys news machines and updates their technology, they are investing in what?
To put money into something with the hope of earning even more money.
the trade barrier which stops trade between two countries
the trade barrier that makes trade more expensive between two countries
the trade barrier that limits trade between two countries
If products from 'Country A' are unsafe, which trade barrier would keep the citizens of 'Country B' safest?
If a country has "free trade", that means they do not have to pay any _____________.
Every economy in the world today is ____________.