Economics Formative Review

Which type of economic system embraces free enterprise and encourages entrepreneurship?

What is one way the country of Mexico could increase its human capital and its GDP per capita?

Which type of economic system would NOT encourage entrepreneurship?

On the economic continuum, which economy is found towards the 0

The higher the countries literacy the _____

Why does international trade require a system for exchanging currencies?

Which type of economic system is associated with small-scale economies where bartering is used?

Which of the following countries is the most free in terms of economics?

Which economic system represses economic freedom but is more secure, & more social equality?

Which economic system gives people the most freedom but may contribute to social inequality?

Countries must adopt (and adapt) various ____________ to answer the 3 economic questions:

If lit rates and investment in hum cap are high in a country, what would happen?

Which country qualifies as a mixed economy?

What do all types of trade barriers have in common?

Which of the following is the most command-leaning country?

How can a country raise its GDP?

Based on specializ & nat res, which products are likely to be traded between Canada & Australia

NAFTA is an agreement among the USA, Mexico, and Canada. The purpose of the agreement is to