Gross Domestic Product means

How much a country makes with goods and services in a year

Standard of living means

a look at literacy rates and poverty rates

factory, machines, & technology used to make products

A person who creates his or her own business

International trade means

products traded outside the country

knowledge & skills workers have to make a living

how many people who can read and write by the age of 15

Rules given to limit or prevent trading w/ other countries

Natural resources are

found naturally in an environment and can be used by people

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Economy and Government Quiz Quiz

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Questions 15

Answers

1
What type of democracy allows people to vote for a group of people to pick their gov't leader?
parliamentary democracy
autocratic gov't
presidential democracy
democratic gov't
2
Gross Domestic Product means
Rules given to limit or prevent trading w/ other countries
Products a country makes best
Products traded outside the country
How much a country makes with goods and services in a year
3
In which gov't does one person make all the decisions of the government?
democratic gov't
autocratic gov't
presidential democracy
parliamentary democracy
4
Standard of living means
a look at literacy rates and poverty rates
factory, machines, & technology used to make products
Knowledge & skills workers have to make a living
how many people who can read and write by the age of 15
5
Capital goods are
factory, machines, & technology used to make products
how much a country makes with goods & services in a year
Products a country makes best
Knowledge & skills workers have to make a living
6
Entrepreneurship
Products traded outside the country
A person who creates his or her own business
how much a country makes with goods and services in a year
Rules given to limit or prevent trading w/ other countries
7
Which of the following is NOT a natural resource?
solar
water
air
wood
8
What type of democracy allows citizens to choose their gov't leader?
presidential democracy
parliamentary democracy
democratic gov't
autocratic gov't
9
International trade means
products traded outside the country
products a country makes best
rules given to limit or prevent trading w/ other countries
how much a country makes w/ goods & services in a year
10
In which gov't do the citizens have the most participation?
autocratic gov't
presidential democracy
democratic gov't
parliamentary democracy
11
Human capital means
knowledge & skills workers have to make a living
a look at literacy rates and poverty rate
found naturally in an environment & can be used by people
how many people who can read & write by the age of 15
12
Literacy rates
products a country makes best
how much a country makes with goods and services in a year
a person who creates his or her own business
how many people who can read and write by the age of 15
13
Trade Barriers are
How much a country makes w/ goods and services in a year
Products traded outside the country
Rules given to limit or prevent trading w/ other countries
Products a country makes best
14
Natural resources are
found naturally in an environment and can be used by people
a look at literacy rates and poverty rates
how many people who can read and write by the age of 15
factory, machines, and technology used to make products
15
Specialization means
rules given to limit or prevent trading w/ other countries
products a country makes best
how much a country makes with goods & services in a year
a person who creates his or her own business

Economy and Government Quiz Quiz Flashcards | StudBud