Part 1
Country in Latin America that is more command leaning
What is Cuba
A person who takes a risk to start a business knowing that they may not be successful.
What is entrepreneur(ship)
Examples of natural resources
What is water, sun, oil, minerals, time
The equivalent amount of money from one countries currency to another countries
What is a currency exchange
Examples of Human Capital
Education, Healthcare, Training, Professional Development
A person who can read and write
What is literate
Trade barrier that limits the amount of goods that can be imported into a country
What is a quota
What is a program that allowed American farmers to hire Mexican workers part time. It was replaced by maquiladoras.
3 Examples of Capital Goods
Factories, Property, Machines, Technology
The people have the opportunity to create businesses but the government still has some input.
Who has the power in a Democracy
What is the people.
Poverty is caused by
What is not being able to read or write
Contrast an Autocratic and Democratic Government
What is Autocratic has one leader and citizens do not get to vote while Democratic the people get a chance to vote.
Private sectors is the part of the national economy that is not under direct government control what group of people are able to thrive in this type of sector
What is an entrepreneur
Contrast a parliamentary and presidential democracy executive branch.
Parliamentary Democracy has a Parliament, while a Presidential has a President.
The executive branch in a Parliamentary does not work with legislative while the Presidential does.
Petroleum is important in what countries
What is Mexico and Brazil
Supply and Demand are the answers to 3 economic questions for which economic systems
What is Market Economy
Government control affects what countries economic growth
What is Mexico
Order of voting in a Parliamentary Democracy
What is Citizens vote for Parliament Members and they vote for the Prime Minster of the winning political party.
Factories created by NAFTA increased what type of environmental issue
What is Air Pollution