End of Unit 3 SWAME Review

What is protective tariff?

• Taxes placed on exported goods from foreign countries

• When local domestic businesses protect consumers against expensive taxed foreign goods, and offer them lower priced local goods.

• Taxes placed on goods and services within local domestic businesses.

Which economic system is composed of both command and market economies?

• Traditional

• Command

• Mixed

• Market

What happens when countries invest in their human capital?

• The countries will have higher standards of living.

• The countries will have lower standards of living.

• Nothing happens because human capital has nothing to do with the countries growth.

What can the citizens of Israel do freely because of their democratic government?

• The citizens cannot vote nor participate in the governmental election.

• The citizens are allowed to vote and participate in the governmental election.

• Israel is an autocratic country with no voting rights for its citizens.

What is the difference between literate people and illiterate people?

• Both needs to be researched to determine the value and impact they have.

• Their is not differences between literate and illiterate.

• literate people can read and write while illiterate people cannot read and write

Who have the higher standard of living?

• Government

• Uneducated populations

• Educated populations

Why are improving education and literacy important to the countries in SWAME

• They improve the countries military units

• They improve the countries' standard of living and economic growth

• They increase the school system and the government.

This is when a country charges a tax to protect its local companies from importing countries who sales the same items cheaper.

• Trade Barrier

• Tariff

• Protective Tariff

• Quota

Which physical feature is located in Egypt?

• West Bank

• Suez Canal

• Gaza Strip

What is currency and exchange rates?

• Money and a system when one country exchanges it currency with the country which goods/services are being purchased.

• Money and the illegal process of exchanging currency of no value.

• Money and legal right to another country,