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Growth
Trade
Economic systems
Capital Good/ Human Capital
Misc.
100
The part of the economy owned and operated by the national government.
What is Public Sector?
100
Mexican Currency
Peso
100
Cuba's economy.
Command.
100
A country investing in education.
Human Capital
100
Name a natural resource
Oil, ore's , lumber, etc.
200
The percent of a nation's population over the age of 15 who are able to read and write.
what is literacy rate?
200
The act of economically punishing another nation.
Sanction
200
Producing only what is necessary for personal use/survival.
Subsistence
200
A country investing in newer technology.
Capital Good
200
which sector normally grows a nations GDP: Private/public
private
300
A material on or in the earth that has econonomic value.
Natural Resources
300
Trade harrier which places a tax on imported goods.
Tariff
300
An economy where the system is governed by custom, habit, and history.
Traditional
300
A country investing in skills.
Human Capital
300
what is the correlation between natural resources and GDP?
GDP goes up, when natural resources are plentiful.
400
The term for people who risk their own money to create a new businesses or service.
Entrepreneur
400
Focusing on a narrow range of products/services that can be produced most efficiently
Specialization
400
A fixed amount of a product or service allowed during times of shortage.
Rations
400
A country investing in new machinery.
Capital Goods
400
what is the correlation between entrepreneurs and GDP
more Entrepreneurs and investment in Human Capital the higher the GDP.
500
The ability to read and write.
Literate.
500
The level of wealth and material comfort available to a people
Standard of living.
500
The capacity of private citizens to create new business independent of government direction or intervention
Entrepreneurship
500
A country investing in updating outdated factories.
Capital Goods.
500
How do literacy rates affect their standard of living
The higher the literacy rates the higher the standard of living.