Economics

Front

Who makes the decisions in a command economy?

Back

The government

Front

Most democratic countries have which type of economic system?

Back

Mixed

Front

Which is a tax on imported goods? Options: Quota, Tariff, Embargo, Physical Trade Barrier

Back

Tariff

Front

Which is a limit on imported goods? Quota, Tariff, Embargo, Physical Trade Barrier

Back

Quota

Front

Which is a complete ban on trading: Quota, Tariff, Embargo, Physical Trade Barrier?

Back

Embargo

Front

How does literacy impact standard of living?

Back

The higher your literacy, you will probably get a higher paying job.

Front

Which of the following is found in a market economy? free labor, competition between businesses, government control of businesses, government control of agriculture

Back

competition between businesses

Front

Which is an example of human capital? Education, Roads, Factories, Machines

Back

Education

Front

Why is it important for a country to invest in human capital?

Back

A country's economy is much stronger when workers have a good education and health care.

Front

What is an entrepreneur?

Back

A person who starts a new business.