Economic Systems
Countries' Economies
Trade & Resources
Related Facts
Miscellaneous
100
What economic system has no rules from the government?
Market
100
What type of economic system does Brazil have?
Mixed
100
What is the term for an additional tax added to imported goods?
Tariff
100
What does it mean when a person is "literate"?
The person can read and write.
100
What is a baby seal called?
A pup.
200
In what economic system does the government make the decisions about what is produced and how?
Command
200
Cuba has a mixed economy. Does it have more characteristics of a market economy or command economy?
Command
200
What type of resource is education is an example of investing in?
Human Capital
200
If a country has a high standard of living, will they most likely have a high or low literacy rate?
High literacy rate.
200
What is the highest mountain in the Alps?
Mount Blanc
300
What economic system is based on past generations?
Traditional
300
Canada has a mixed economy. Does it have more characteristics of a market economy or command economy?
Market.
300
What is an example of investing in physical capital?
Possible Answer: Constructing a new factory
300
How do entrepreneurs help a country's GDP?
Possible Answer: Creating jobs
300
Which organ uses 25% of our oxygen supply?
Brain
400
What economic system is a blend between a command economy and a market economy?
Mixed
400
Which country (Brazil, Canada, Cuba) has less government restrictions and favorable property rights for entrepreneurs?
Canada
400
What affect does investing in resources have on a country's GDP?
Investing in resources increases the GDP.
400
What is the advantage of specialization?
Possible Answer: A factory can produce more goods in less time and for less money.
400
In the famous Nintendo games, what is the name of Mario's brother?
Luigi
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