Factories/machinery/technology
Capital Goods (or Physical Capital)
Head of government for a Presidential Democracy
President
What are the cardinal directions?
North, South, East, West
Trade Barriers
Entrepreneurs are important to the economy because the provide (more/less) jobs
More
Education/skills/training workers need
Human Capital
T/F: Citizens in a democratic government do not have any power
False
What is the latitude line that separates the northern and southern hemispheres?
Equator
How well citizens live based on good public services, education, and good jobs (3 words)
Standard of Living
This government has the HIGHEST amount of citizen participation
Democratic
Someone who creates their own business
Entrepreneur
This government type has the LOWEST citizen participation
Autocratic
Physical Map
Amount of people in a country who can read and write
Literacy Rate
Blend of command and market economies
Mixed
When countries trade with a different currency
Exchange Rate
Who do citizens vote for in a Parliamentary Democracy?
Parliament
What 2 continents do the equator run through?
South America and Africa
GDP
In this economic system, the buyers and sellers make all of the decisions
Market
This economic system is based off of making things for survival
Traditional
Head of government for a Parliamentary Democracy
Prime Minister
Map that shows borders, countries, and cities
Political Map
In this economic system, the government makes all of the decisions
Command
T/F: Investing in Human Capital will help your literacy rate grow, therefore giving citizens the opportunities to be successful, which will make the GDP grow.
True