Canada Part 2 Flashcard

Front

If a country does not invest in human capital, what is the likely outcome?

Back

They will probably have a lower standard of living.

Front

Who makes economic decisions in a mixed market economy?

Back

Company owners

Front

When a country focuses on one product because of production efficiency, this is an example of

Back

specialization

Front

Why do countries invest in capital goods?

Back

doing so makes for better tools and technology to improve production

Front

How do citizens of parliamentary democracies elect their countries' leaders?

Back

citizens vote for the legislature who then choose the prime minister

Front

The most free

Back

mostly market

Front

Vacationing from US to Italy

Back

currency exchange

Front

Canada's head of government

Back

prime minister

Front

Canada's legislature

Back

parliament

Front

Mixed but mostly market

Back

Canada's economy