How do investments in capital goods help workers?

It helps workers to be more productive.

Which of these is an example of entrepreneurship?

idea for a new car powered by solar energy

Which of these is an example of human capital?

scientist, factory worker, accountant

What are the 4 factors of economic growth?

hum. capital, capital, natural resources, entrepreneurship

The three basic economic systems are?

traditional, command, and market.

Which of these is an example of capital goods?

new robotic technology in a factory

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Duplicate of Economics of Southern and Eastern Asia SS7E8c, SS7E9, SS7E10abc

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Questions 14

Answers

1
Democratic countries lean toward a _________ system. Communists lean toward a _________ system.
market and command
command and market
command and traditional
traditional and market
2
India refuses to allow its citizens to trade with Pakistan. This is:
A Tariff
An Embargo
A Quota
3
How do investments in capital goods help workers?
It helps workers to be more productive.
It helps workers to become lazy.
Workers can spend more time talking.
Workers can continue to make goods the same way.
4
Which of these is an example of entrepreneurship?
scientist, factory worker, accountant
new robotic technology in a factory
coal mine
idea for a new car powered by solar energy
5
Which of these is an example of human capital?
scientist, factory worker, accountant
new robotic technology in a factory
idea for a new car powered by solar energy
coal mine
6
Why is it important for countries to invest in human capital?
It leads to a higher GDP.
It increases rules in a county.
It leads to a lower GDP.
It lowers taxes in a country.
7
The US puts a $2 fee on all silk ties coming in from Thailand. This is:
An Embargo
A Quota
A Tariff
8
What are the 4 factors of economic growth?
hum. capital, capital, natural resources, entrepreneurship
humans, oil, entrepreneurship, and capital
human capital, tools, natural resources, & entrepreneurship
human capital, capital, coal, and businessmen
9
Most countries in the world have a _____________ economy.
Mixed
Command
Market
Traditional
10
Which two countries have the strongest economies in Southern and Eastern Asia?
India and North Korea
South Korea and Vietnam
Japan and China
China and Vietnam
11
Which of these is an example of a natural resource?
idea for a new car powered by solar energy
scientist, factory worker, accountant
coal
new robotic technology in a factory
12
Japan limits the amount of Ford SUV's coming into their country to 20,000 a year. This is:
A Quota
A Tariff
An Embargo
13
The three basic economic systems are?
traditional, command, and market.
traditional, communist, and command
market, command, and oligarchy.
market, traditional, and monarchy.
14
Which of these is an example of capital goods?
idea for a new car powered by solar energy
coal
new robotic technology in a factory
scientist, factory worker, accountant

Duplicate of Economics of Southern and Eastern Asia SS7E8c, SS7E9, SS7E10abc Flashcards | StudBud