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ECONOMICS
| Question | Answer |
|---|---|
| WHAT DOES TRADITIONAL MEAN? | ECONOMICS IN WHICH PEOPLE USUALLY PRODUCE JUST WHAT THEY SURVIVE. |
| HOW DOES LITERACY AFFECT STANDARD OF LIVING? | YOU WILL HAVE A GOOD STANDARD OF LIVING BECAUSE YOU KNOW HOW TO READ AND WRITE |
| WHAT IS COMMAND? | WHEN SOMEONE IS IN CHARGED WHICH IS THE GOVERNMENT |
| WHERE IS THE UNITED STATES ON THE ECONOMIC SYSTEM CONTINUUM LINE? | THE UNITED STATES IS NEAR THE COMMAND ECONOMY. |
| WHAT IS PRODUCED IN TRADITIONAL? | COSTOMS HABITS IS PRODUCED IN TRADITIONAL |
| WHAT IS CAPITAL GOODS? | GOODS THAT ARE PRODUCING OTHER GOODS, RATHER THAN BEING BOUGHT BY CONSUMERS |
| WHAT DOES NATURAL RESOURCES HAVE? | MATERIALS OR SUBSTANCES SUCH AS MINERALS, FORESTS, AND WATER. |
| WHAT ARE SOME EXAMPLES OF HUMAN CAPITAL? | SKILLS AND ABILITES, KNOWLEDGE, CREATIVITY AND LIFE EXPERENCIES |
| WHAT DOES IT MEAN TO INVEST? | TO WORK HARD. |
| WHAT IS ENTREPRENEUR? | THIS IS A PERSON WHO ORGANIZES AND OPERATES A BUSINESS AND IT ALSO HELPS ECONOMY. |
| WHAT DOES TARIFF MEAN? | A TAX ON IMPORTS THAT IS COLLECTED BY THE GOVERNMENT. |
| WHAT IS QUOTA? | A LIMIT ON THE NUMBER OF FOREIGN GOODS. |
| EMBARGO IS....? | A GOVERNMENT POLICY WHICH PROHIBITS ALL TRADE WITH A SPECIFIC COUNTRY. |
| WHAT ARE THE FOUR ECONOMICS SYSTEMS? | TRADITIONAL, COMMAND, MARKET, AND MIXED |
| WHAT ARE THE TRADE BARRIERS? | EMBARGOS,QUOTOS,AND TARIFFS. |
| WHAT ARE THE FOUR FACTORS OF PRODUCTION? | NATURAL RESOURCES,HUMAN RESOURCES,CAPITAL RESOURCES,AND ENTERPERNEURSHIP. |
| THE U.S PRESIDENT INCREASES THE AMOUNT OF WHAT? | IMPORTED PEANUTS ALLOWED INTO THE COUNTRY BY 50 MILLION POUNDS PER YEAR. |
Created by:
vanessa200
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