Economic Systems
Most countries have this type of economy.
What is a Mixed economy
Both countries have this type of economy.
Mixed
Definition:Anything that slows down or prevents one country from exchanging goods with another.
What are Trade Barriers
When countries or businesses have the right to buy or sell products as they want. (2 words)
What is voluntary trade?
This part of the paragraph introduces the main idea of the paragraph and hooks the reader.
What is a topic sentence
This economic system relies on trade and bartering.
What is Traditional
What is south Africa's main export?
Gold and diamonds
When the government uses a policy to stop, limit, or tax trade.
What is Trade Barrier
What a country makes best because of resources available.
What is specialization?
The exchange of goods
What is trade
This economic system has the most government control.
What is Command
Which country's government controls oil and agriculture?
Nigeria
A tax placed on goods coming into one country from another.
What is a tariff?
What S. Africa specializes in
Diamonds and gold mining
In order to make your written argument stronger you must cite
What is evidence
This economic system has the least government control.
What is Market
Which country's government controls the postal service?
South Africa
A limit on the amount of foreign goods allowed into a country.
What is a quota?
What does Kenya specialize in?
Tea
Information that is not directly stated in the text.
What is implicit
In a command economy, how is it determined what goods and services will be produced? Who decides?
What is the central government
This country is one of the world's top producers of gold.
What is South Africa?
A halt to trade with a particular country for economic or political reasons.
What is an embargo?
What industry has suffered in Nigeria due to the country's focus on Oil.
Agriculture
What readers do in order to understand the plot and characters of the text
What is make an inference