History
Hitler's attempt at the systematic destruction of the Jews, blacks, gypsies, and others
What is the Holocaust?
The leader of Parliament (Head of Government) in the United Kingdom.
Who is the Prime Minister?
It was a referendum asking the people of the UK if they wanted to leave the EU. 52% of the people voted YES to leave the EU.
What was Brexit?
A type of economic system where businesses are owned by individuals and individuals determine the prices of goods and services.
What is a market economy?
A type of economic system where businesses are owned by the government and the government determines the prices of goods and services. This type of economic system is common in communist countries.
What is a command economy?
A period of history from 1945-1990 characterized by distrust between the US and the USSR, development of nuclear weapons, and the space race
What is the Cold War?
The Head of State in the United Kingdom.
Who is the Queen of England?
To promote trade and economic growth between member nations
What was the purpose of creating the European Union?
A type of economic system where businesses are owned by both individuals and the government.
What is a mixed economy?
A type of trade barrier where a country allows NO trading with another country. An example is no products from China being allowed in the US.
What is an embargo?
Misleading or biased information designed to promote a particular political view
What is propaganda?
A type of government characterized by one leader with absolute control. For example, in this type of government, a dictator could abolish all political parties and limit the personal freedoms of their citizens.
What is an autocracy?
January 31st, 2020
A type of trade barrier that limits the amount of an item that is imported into a country. An example is only 200 pairs of shoes being imported from Germany.
What is a quota?
A tax placed on imported goods. An example is a $100 fee per ton being added to all steel imported from Canada.
What is a tariff?
A symbol of the Cold War and the Iron Curtain
What is the Berlin Wall?
A type of government where power is divided equally between one central authority and several regional authorities. An example of this type of government is the United States.
What is a federation?
To increase trade between member nations
What was the purpose of the euro?
A payment made by governments to their domestic producers to enable them to compete with foreign competitors. An example is a farmer receiving paying from the government to help cover the cost of selling their crops at a lower price.
What is a subsidy?
Laws or regulations establishing health and safety standards for imported goods. An example is all toys imported into the US must not contain toxic materials.
What is a standard?
Racial bias or prejudice against Jews
What is anti-Semitism?
A type of government where the central authority holds all the power and the regional authorities have little power.
What is a unitary government?
Coal and steel
What were the first two industries impacted by the European Union?
They are willing to take risks, invest in capital resources, generate new ideas, and help a country adapt to new trends.
How does an entrepreneur contribute to a country's economy?
The higher the literacy rate, the higher the GDP.
How does a country's literacy rate impact its GDP?