Unit 2 Formative 2 Study Guide

Front

If a country wanted to invest in human capital, they would give money to...
Options: Banks, Colleges, Grocery Stores, Local businesses

Back

Colleges

Front

The total amount of good produced by a country in one year per person is the GDP ___ _____

Back

Per Capita

Front

Which economic system is the best for entrepreneurs? Options: Pure Market Economy, Pure Command Economy, Mixed Market Economy, Mixed Command Economy

Back

Pure Market Economy

Front

What type of economic system do European countries have?

Back

Mixed Economy

Front

What is the term for "trading without the use of money"?

Back

bartering, barter

Front

The rate at which a group of people can read and write is the...

Back

Literacy Rate

Front

A country with a​ high literacy rate will often have a​ ____ GDP

Back

high

Front

If you wanted to ban green jolly ranchers from your country, which trade barrier would you have to implement? Options: Sanction, Tariff, Quota, Embargo

Back

Embargo

Front

Entrepreneur

Back

A business person

Front

The 28 European countries that formed to make an economic and political partnership is called the...

Back

European Union