Types of economies
In this type of economy. People do the same jobs as their parents
Traditional
What is a college diploma
Human Capital
Saudi Arabia's economy relies on what?
Oil
What is a quota
A limit on goods allowed in a country
What am I terrified of doing?
Going to the dentist
In this economy there is 100% freedom
Market
What is a forklift
Capital good
Is Iran more market or command
Command
What is a tariff?
A tax on imported goods
This popular fast food restaurant was my first job in high school?
McDonald's
In this economy there is a 100% government control
Command
What is going to flight (pilot) school
Human capital
Fill in the blank. Countries in the Middle East without oil are usually _______
poorer
What is an embargo?
A ban on trade.
This furry animal with a ringed tail I always pronounce it wrong. They like to rummage through people trash cans What is it?
A raccoon
This economy has parts of market and command economies.
Mixed
What is a kiosk machine at Publix
Capital good
Their literacy rate/GDP per capita will increase
Why does international trade require currency exchange?
Different countries use different kinds of money.
What are my biggest pet peeves that students do. There are 2 answers I only need one
Not raising your hand all the way OR complaining that is too hot and you have a hoodie and will not take it off or complaining that is too cold and you have a hoodie and will not put in on.
What is the economy of Luxembourg?
Mixed
Which of these are required to operate a country?
Both
How does entrepreneurship help a country?
by creating goods, services and jobs
Trade barriers make it so that citizens are more likely to buy ______ products
Domestic
What are my parents names? Half points will be given
N_ _ _
B_ _ _ _ _ _
Neil and Barbara