Gov.
What color does yellow and blue make?
Green
Capital Goods Investment
Building new factories and upgrading technology
What is the name of the disney princess that turned into a frog?
Princess Tiana
What are the two things you use to make cereal?
Milk and cereal
Economies
Market- buyers and sellers Command-government control Traditional-customs and traditions. Jobs their parents did
Government Types
Democracy-all citizens participate Autocracy-no citizen participation
Result of the Cuban Revolution
Poverty causes in Latin America
Lack of education, Lack of governmental programs
Natural Resources
Are found naturally in a country. Examples are:
Oil
Gold
Diamonds
What are the three economic questions
What to produce, how to produce, and for whom to produce?
Governments can increase their literacy rates if they
Invest in the human capital of the people. Train them to do higher skilled jobs.
Why is currency exchange important?
To know the value of their money compared to the value of other countries' money so they can trade goods
Drug Lords Operation
They corrupt law enforcement officials to have protection and leverage in Latin America
Specialization in a Country
A factory can produce more goods in less time for less money because their workers know very well how todo a specific job.
Investing in Human Capital
Creates a higher GDP because more money is spent on education and training so people produce more and make a higher wage
Governments of Mexico, Brazil, and Cuba
Parliamentary Democracy, Parliamentary Democracy, Communist
Entrepreneur
A person that starts a business in order to make money/profit
What was the name of Simba's father?
Mufasa
North America Free Trade Agreement
Agreement between Mexico, Canada and the United States to eliminate the trade barriers and increase trade.
Quota
A trade barrier that limits on goods entering a country
Tariff
A tax on imports
High Literacy Rates
Equal high standards of living in a country
-Hospitals
Doctors
Education
Did Maui have a hook in Moana?
Yes
What is the name of the main character in the movie Brave?
Merida
Freedom to do business
Brazil-a lot of freedom Cuba-little freedom Mexico- a lot of freedom