Europe – Environment & Economy



Multiple Choice

_______1. What is one major environmental concern in Germany?

a. acid rain

b. wildfires

c. cold weather

d. destruction of the rainforest

_______2. The worst nuclear disaster in history occurred here:

a. United Kingdom

b. France

c. Ukraine

d. Italy

_______3. What organization encourages trade between European countries?

a. Allied Union

b. Trade Union

c. European Union

d. Countries Union

______4. What is the most common currency in Europe?

a. pound

b. euro

c. dollar

d. peso

______5. What type of economy does the United Kingdom have?

a. market

b. traditional

c. command

d. parliamentary

______6. What are taxes on imported goods?

a. quotas

b. tariffs

c. embargoes

d. interests

_______7. What helps raise a country’s Gross Domestic Product?

a. high literacy rate

b. high prices

c. high number of cars

d. high population

_______8. Which country has the strongest economy in Europe?

a. Portugal

b. Italy

c. Ukraine

d. Germany

________9. What are the main causes of acid rain?

a. Farms and forests

b. Water power and electricity

c. Coal burning factories and automobile emissions

d. solar power and wind turbines blowing the poison gases

_______10. Which situation is an effect of acid rain?

a. Cleaner rivers

b. Diseased forests

c. Buildings and statues that look new

d. Increased automobile manufacturing

________11. After 1986, Chernobyl, Ukraine, was abandoned. What caused the people to abandon this city?

a. The nuclear power plant exploded and radiation levels were unsafe

b. The people were being persecuted by soldiers of the Soviet Union

c. The Chernobyl River was diverted so there was no drinking water

d. The area was under water because of the construction of a dam

_________12. What do the economic systems of the United Kingdom, Germany, and Russia have in common?

a. All are examples of pure market economies

b. All are examples of mixed economies that are mostly market economies

with some elements of command economies

c. All are examples of mixed economies that are mostly command economies with some elements of market economies

d. All are examples of pure command economies

________13. Because most economies have characteristics of the command economy and the market economy, we say they are

a. free

b. hybrid

c. mixed

d. communist

___________14. The United Kingdom Customs Service has found toxic lead-based paint in toys imported from a Chinese toy-making company. These toys are intended for sale in the United Kingdom. Exposure to the paint over a long period of time could be fatal to children under 6 years old.

What type of trade barrier would guarantee that no child in the United Kingdom would be exposed to the deadly lead-based paint?

a. embargo

b. quota

c. exchange rate

d. tariff

____________15. Which type of trade barrier involves a limit on goods brought into the country?

a. quota

b. tariff

c. embargo

d. voluntary exchange

_________16. You own Olympic Fish Company, a fleet of fishing ships in the islands of Greece. Greece is a member of the European Union, and uses the Euro as its currency. You make your living selling fish to your customers, mostly in other countries. Today you have received two orders:

[pic]

Based on what you see in the two orders above, which of the orders is easier for you to fill?

a. Order #1, because trade with France is easier since it uses the Euro

b. Order #1, because the United States has placed a tariff on fish imported from Greece

c. Order #2, because France has placed a quota on fish imported form Greece

d. Order #2, because trading with the United States is easier since it uses the U. S. dollar

____________17. Which is an example of investing in human capital?

a. cash

b. factories

c. highways

d. education

_____18. What is human capital?

a. a country’s standard of living

b. the cash a business has to spend

c. investment in the workers of a business or country

d. the buildings, equipment, and property owned by a business

_______19. Which is an example of a natural resource?

a. forests

b. highways

c. education

d. automobiles

_______20. Which natural resources have helped the Russian economy in the twenty-first century?

a. oil and natural gas

b. highways and factories

c. machines and equipment

d. education and health care

_________21. Which is a way that entrepreneurs help increase a country’s GDP?

a. writing laws to protect personal property

b. creating businesses that give people jobs

c. providing the ideas to start and expand businesses

d. working to increase the amount of goods and services bought by a country

__________22. You are watching a speech by the President of the United States on T.V. with your parents. The President is explaining a plan for improving the U. S. economy. In the speech, the President says: “Our workers mush be prepared for the high-tech jobs of the 21st century. My plan will give incentives to companies who provide technology education and training for their employees.”

The President’s plan is based on the conclusion that:

a. an investment in human capital will increase the country’s gross domestic product (GDP)

b. adjusting the exchange rate will increase the project the U.S. makes in international trade

c. an investment in capital goods will increase the country’s gross domestic product (GDP)

d. an embargo on technology from other countries will help the U.S. economy

___________23. Use the information in the box below to answer this question.

A sixth-grade class decides to open a popcorn stand. The stand and the popcorn popper are examples of which factor of production?

a. natural resources

b. human resources

c. capital resources

d. entrepreneurship

_________24. All of the following are benefits to members of the European Union EXCEPT:

a. free trade

b. single currency

c. workers can work in many other countries

d. increased number of television stations

___________25. Which is an example of an entrepreneur?

a. people who operate a hospital

b. a person who runs a government-owned coal mine

c. roofers who work for a business owned by an individual

d. a person who used her money to start a business selling cell phones

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Order #2

To: Olympic Fish Co

Piraeus, Greece

From: Red Lobster

Atlanta, Georgia, USA

100 tons of sea bass

Note: Payment in U. S. dollars ONLY

Order #1

To: Olympic Fish Co

Piraeus, Greece

From: Champs Elysees Fish

Market

Paris, France

100 tons of sea bass

Note: France is an EU member nation using the Euro

In order to produce a good or a service, four factors of production are needed – natural resources (land), human resources (labor), capital resources (buildings and machinery), and entrepreneurship (organization)

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