Customs and habits are most important to which type of economy?
traditional
100
A factory focuses on producing one or two types of goods and leaves the production of other goods to other factories. This is an example of ______________.
Specialization
100
What is an investment in human capital?
education
100
What is often an effect of a high literacy rate?
higher standard of living
200
Which solution is a way that the government is trying to reduce pollution in Mexico City?
reducing the number of buses and trains
200
In which type of economic system does the government control what a factory produces and what price it will charge for those products?
command
200
In order to help US car companies sell more cars, some people want to put a limit on the number of cars that can be imported from other countries. This is an example of
Quota
200
How does investment in capital by a business help a country increase its Gross Domestic Product (GDP)?
When a business invests in capital, it can produce more goods at a better price and increase the profit that it makes
200
What area in Brazil has been most affected by deforestation?
Amazon Rainforest
300
What problem has been caused by oil production in Venezuela?
The coast along the Caribbean Sea has been polluted with oil
300
In which economic system do people make economic decisions based on changes in prices that occur between buyers and sellers?
market
300
One of the main purposes of the North American Free Trade Agreement was to
increase trade by creating a large free trade zone
300
Which is a way that entrepreneurs help increase the Gross Domestic Product (GDP) of a country?
By creating businesses that give people jobs
300
What physical feature has trapped pollution above the cities in Mexico?
mountains
400
Give a problem associated with too much carbon dioxide in the air
breathing problems
400
Which Latin American country has a command economy?
Cuba
400
Give a reason that businesses from different countries have to exchange currencies.
Different countries have different currencies
400
How does having natural resources help the economy of a country?
The country saves money because it does not have to import natural resources needed by the people.
400
Trynity has planned and started her own business selling clothes.She designed the clothes that are found in her store.Trynity is an example of
entrepreneur
500
Why might the Venezuelan government NOT want to stop oil production in the country, even though it causes a lot of pollution?
The government gets about half of its money from oil business.
500
Which country in South America have the healthiest economy?
Brazil
500
What is the money people use in a country called?
currency
500
What is Gross Domestic Product?
The total market value of goods and services produced in a country for a specific year.
500
Trynity had training sessions to explain and to demonstrate to her employees about their jobs. The training that Trynity provided her workers is an example of