Unit 3 Environmental and Economic Concerns in Europe Part 1

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1

Define Mixed Economy

is an economy that has more than on characteristics of more than one economy

2

What is the common currency European Union?

euro

3

List some negative effects of acid rain

- it kills animals and plants
- it poisons food and crops
- erodes or weathers statues and buildings

4

Which country in Europe has the least freedom with their economy? Why?

Russia, because the government owns more stuff

5

What solution was successful in reducing air pollution in the U.K.?

they monitor the air quality

6

How does nature play a role ion Germany's acid rain problem?

it is helping by the air currents that are carrying the toxic smoke

7

Why is changing currencies a problem?

because the bank charges fees

8

What is the name of Russia's currency?

rubles

9

Why would a country not want to import natural resources?

because of tariffs

10

What is the most common economic system found in Europe?

mixed economy

11

What is a result of the Soviet Union not investing in capital improvements?

highways and buildings are in need for repairs and the workers are not as productive as today

12

Who decides which goods will be produced in the U.K.?

private citizens and corporations

13

What is the least common economy in Europe?

Traditional economy

14

Define physical capital and give an example:

is the factories, machines, technologies, buildings, and property needed by a business to operate

15

Which European country still owns most of the large industries inside its borders?

Russia