Easy
Countries have different types of _______, which are structures for how people get what they need and want in a society
Economies
Do you have the right to entrepreneurship in a communist economy?
No
If Cuba changes to a capitalist economic system, what would be an effect on the country?
A. more economic freedom for individuals
B. lower standard of living
C. increased government control and regulation
D. more economic equality
A. more economic freedom for individuals
The _______ are the resources needed to make products. They can be controlled by individuals or governments depending on the economic system.
Factors of Production
Which 2 teachers have only taught at one school?
Barker & Mrs J
In a capitalist society, what is the goal of all business and industry?
To earn a profit
Healthcare providers would be categorized under which type of industry?
Service
Which of the following is NOT a characteristic of a capitalist society?
A. free competition
B. people start and own businesses
C. ability to own private property
D. guaranteed profits for entrepreneurs
D. guaranteed profits for entrepreneurs
What are the 4 factors of production?
Land, Labor, Capital, Entrepreneur
What three teachers taught at Carver?
Wolfe, Mara, Staton
A “free enterprise system” is a synonym for which economic system?
Capitalism
A. Communist
B. Capitalist
C. Traditional
B. Capitalist
Which of the following countries has a socialist economy today?
Denmark, North Korea, US, or Japan
Denmark
Which factor of production is NOT found in all types of economic systems?
Entrepeneaur
Which teacher used to coach soccer?
Mara
In which economic system do people barter for goods and services?
Traditional
What is a problem often found in countries with capitalist economic systems?
Higher poverty rates
Computers, trucks, and ovens would be categorized under which factor of production?
Capital
Which teacher student taught at Bunger?
Wolfe/Barker
What is a synonym for a communist economic system?
Command
What is one negative effect of a capitalist economy?
Winners + Losers, Too Harsh, Lots of competition, Poor people, etc.
Which economic system do you think works the best? Give me two reasons
X
Which factor of production refers to the skills and abilities of people to perform work?
Labor
What staff member taught Mr. Wolfe in high school?