Latin America Economics Test

Front

What is one tool governments use to measure the strength of their economy?

Back

GDP

Front

System of exchange where one good or service is given in return for another. Money is not used.

Back

bartering

Front

items found on earth

Back

natural resources

Front

knowledge, skills, and relative health of a nation's labor force

Back

human capital

Front

economy that is owned and operated by private citizens

Back

private sector

Front

part of the economy that is owned and operated by the national government

Back

public sector

Front

coal, oil, water are examples of which term below?

Back

natural resources

Front

A new machine that helps speed up production is an example of which term below?

Back

capital goods

Front

If a company sends employees to get training on a new machine, this would be an example of what term below? human capital, capital goods

Back

human capital

Front

Bob decides to create a new brand of widgets. He decides to get a loan from the bank and start his business. What is this an example of?

Back

entrepreneur