Term
| How can literacy rate affect a country's economic development? |
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Definition
| The higher the literacy rate, the better a country's economy will tend to be. |
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Term
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Definition
| A government in which a few people such as a clan or clique have power. Elections may be held, but only one candidate is offered. |
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Term
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Definition
| A government in which the power is held by one central authority. |
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Term
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Definition
| A learned system of shared beliefs and ways of doing things that guides a person's behavior |
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Term
| Compare and contrast Parliamentary and Presidential democracy. |
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Definition
Presidential- The president has a set term of office. The president is elected by votes. The president is the Head of State and Chief Executive.
Parliamentary- The Prime Minister dosen't have a set term. The Prime Minister is by the legislature. The Head of State and Chief Executive are 2 differnent offices.
Both- They both have checks and balances, 2 houses in the legislature, have freedom for citizens, and allow citizens to vote for legislative representitives.
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Term
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Definition
| People who take a risk to start a new business. |
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Term
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Definition
| The value of all goods and services produced within a country in one year. |
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Term
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Definition
A government where a voluntary association of independent states agree to follow a central government and give up some freedoms.
EX: Russian Federation, Confederate States of America 1861-1865 |
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Term
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Definition
| A government where the power is equally shared between one central authority and several regional authories like states, provinces, or territories. |
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Term
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Definition
| A government in which the rule is "by the people" through a system of representations and free elections. |
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Term
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Definition
An economy that contains elements of both a market economy and a command economy.
Ex: U.S., Great Britain, Australia, and Germany |
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Term
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Definition
A type of economy where the government has control over what is produced.
there are NO pure command economies in the world today...China is very close. |
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Term
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Definition
A type of economy where people are free to exchange goods and services without government involvement.
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Term
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Definition
| A type of economy that bases what will be produced on customs. |
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Term
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Definition
| A mixture of different cultures within the same country or community. |
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Term
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Definition
| A highly complex culture with growing cities and economic activity. |
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Term
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Definition
| The percentage of people in a country who can read and write. |
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Term
| What are the four basic institutions that every society must have? |
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Definition
education
religion
economy
government |
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Term
| Name some examples of natural resources. |
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Definition
| diamonds, gold, silver, natural gas, Rubies, water, fossil fuels, timber, minerals, bauxite, sapphire, quartz, etc...anything provided by nature AND can bring a country wealth. |
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Term
| List some examples of investing in human capital/human resources. |
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Definition
providing on the job training
pay for the employee to go to college
provide health insurance
provide a pay raise
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Term
| List examples of capital goods...things NEEDED in order to make products or provide a service |
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Definition
cutting machine
sewing machine
conveyer belt
printing press
lawn mower
computers |
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Term
| List the types of trade barriers. |
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Definition
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Term
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Definition
tax placed on imported goods
ta - tariff
ta- tax |
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Term
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Definition
a limit on the quantity of imported goods
qu - quota
qu - quantity |
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Term
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Definition
a ban on imported goods from a specific country for political reasons
ba - ban
ba - embargo
ex: US has an embargo against Cuba |
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Term
| Examples of countries with a pure market economy... |
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Definition
| there are no pure market economies in the world today |
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Term
| Examples of countries with a pure command economy... |
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Definition
| There are no countries with a pure command economy in the world today |
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Term
| Examples of countries with a mixed economy mostly market.... |
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Definition
| United States, Great Britain, Australia, Germany, etc. |
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Term
| Examples of countries with a mixed economy mostly command.... |
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Definition
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Term
| Example of a group of people who follow a traditional economy... |
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Definition
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Term
parliamentary democracy vs. presidential democracy...
Which has a set term on their leader?
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Definition
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Term
parliamentary democracy vs. presidential democracy...
Which has a system of checks and balances? |
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Definition
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Term
parliamentary democracy vs. presidential democracy...
In this democracy, the head of state and chief executive are the same person. |
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Definition
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Term
parliamentary democracy vs. presidential democracy...
Which has 2 houses in their legislature? |
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Definition
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