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LEARN: Human Capital is improved when there is an investment for trainging and educating the employees. NOW ANSWER: What is the term used to describe barely making a living (struggling to survive)?
Specialization
quotas
human capital
trade barriers
Market
who to produce for, what you should produce, how you should produce an item
Traditional
subsistence
LEARN: A Command Economy has most of the economic decisions decided by people in the government. NOW ANSWER: What type of economy has prices determined by the people involved in buying and selling?
Specialization
quotas
human capital
trade barriers
Market
who to produce for, what you should produce, how you should produce an item
Traditional
subsistence
LEARN: A company or nation that specializes is focusing its efforts on one product. NOW ANSWER: What type of economy has people producing the same things in the same way as the generations before?
Specialization
quotas
human capital
trade barriers
Market
who to produce for, what you should produce, how you should produce an item
Traditional
subsistence
LEARN: A Quota establishes a limited amount of imports into a country. NOW ANSWER: Methods used to reduce the role of foreign imports on a country's economy is called?
Specialization
quotas
human capital
trade barriers
Market
who to produce for, what you should produce, how you should produce an item
Traditional
subsistence
LEARN: A Traditional Economy is based on producing the same product (crop) as your ancestors have from generation to generation. NOW ANSWER: When a company or nation focuses on producing one product.
Specialization
quotas
human capital
trade barriers
Market
who to produce for, what you should produce, how you should produce an item
Traditional
subsistence
LEARN: The level of living at or below the ability to survive is called subsistence. NOW ANSWER: Which of these include the three basic economic questions?
Specialization
quotas
human capital
trade barriers
Market
who to produce for, what you should produce, how you should produce an item
Traditional
subsistence
LEARN: Trade Barriers act as a way to reduce the influence imports have on a country's economy. NOW ANSWER: What type of trade barrier establishes a limited amount of imports?
Specialization
quotas
human capital
trade barriers
Market
who to produce for, what you should produce, how you should produce an item
Traditional
subsistence
LEARN: A Market Economy is where Supply and Demand and the businesses and the public all combine to determine prices of products. NOW ANSWER: What is improved by sending employees to further training for their job?
Specialization
quotas
human capital
trade barriers
Market
who to produce for, what you should produce, how you should produce an item
Traditional
subsistence
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