Latin America Government and Economics

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Who chooses the leader in a parliamentary democracy? Options: citizens, monarchy, law-making body, chancellor

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law-making body

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Twice a year, Chick fil a restaurants send employees to a special school in Orlando to take classes in management. This is an example of investing in...

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human capital

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The beautiful island of Wilson is very small and has limited natural resources. How does this affect trade for the island of Wilson?

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has to import goods needed

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Tariffs are a trade barrier that place a tax on what type of goods?

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imported goods

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Citizenship participation: Type of government where one person has complete control. People have no say in government.

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autocracy

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Type of democracy where citizens elect the legislative body (law-making body) and the law-making body appoints the executive branch

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parliamentary democracy

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Type of democracy where citizens vote directly for legislative body (law-making body) and executive branch

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presidential democracy

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What type of trading do the people of the village Cragin engage in with the people in Avis? They only barter on the 4th day of the second week of the third month in a calendar year.

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traditional

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What type of economy do Mr. Potato Head and Mrs. Potato Head's Potato Chip company operate in, given that they base all decisions about production on supply and demand without any government regulations? Options: mixed, traditional, command, market

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market

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Snoopy's new business designs and builds luxury dog houses. In order to build quality homes, Snoopy invested in new equipment like saws, hammers, and spray painting machine. This is an example of investing in ____?

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capital goods