Governments
Who chooses the head of government in a presidential democracy?
the citizens
Which statement about the government of Kenya is correct?
The government is led by a president who is elected by Kenyan voters?
How are the basic economic questions decided in a market economy?
Based on consumer preferences
Why is it important for nations to economically specialize ?
Specialized economies use resources more efficiently
What is a tax on imported goods and services?
What is a tariff?
How is the head of government determined in a presidential democracy?
What are direct elections?
Why have African governments been unable to adequately address the rise of AIDS ?
Instability causes many issues to be ignored
In which type of economy are the 3 economic questions answered based on customs passed down from previous generations ?
What is traditional economy
How can maintaining a high literacy rate positively affect a nation's standard of living?
Literate people are better able to secure skilled jobs
What is a limit on imported goods and services?
What is a quota?
Who chooses the head of government in a parliamentary democracy?
Citizens elect legislators who then select the head of government?
Which country would MOST LIKELY have the best educational system?
A country that is rich in natural resources and has a stable government?
Mixed economies are those that involve a mixture of which elements?
market and command?
Investments in human capital typically lead to economic growth by
Enabling workers to be more productive and earn more money?
What is a block on imported goods and services??
What is an embargo?
South Africa is a parliamentary democracy. How is the president of South Africa determined?
The legislator of South Africa votes to elect the president?
Which type of economy depends on central government to set prices and production quotas?
What is a command economy?
Which country MOST LIKELY has a mixed economy?
A country in which some industries are government owned and some privately owned?
What is the GDP per capita?
It measures the average income per person in a country
The exchange of goods and services without the use of money
What is bartering?
What is the role of Nigerian citizens in choosing their government's leaders?
They elect the head of government and national legislators by popular vote. ?
In which country does the government have the MOST influence over the economy?
Kenya
Which two elements do countries with mixed economies attempt to balance?
Government control and economic freedom?
Which is an example of entrepreneurship ?
William uses his money to open a restaurant in his neighborhood
Anything that slows down or prevents one country from exchanging goods with another
What are trade barriers?