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A limit on the amount of foreign goods that can be imported into a country. (RR4)
giving people jobs so they can have money to spend
A business owner paying someone to teach her employees how to work faster.
market
consumers would have less variety of goods to choose from
quota
embargo
Cuba
traditional
Every country in the world today has some form of mixed economy. Of the following countries, which has an economic system closest to a command economy? (QR44-A)
giving people jobs so they can have money to spend
A business owner paying someone to teach her employees how to work faster.
market
consumers would have less variety of goods to choose from
quota
embargo
Cuba
traditional
In this type of economic system producers and consumers are free to make their own economic choices without ANY government interference. (RR2)
giving people jobs so they can have money to spend
A business owner paying someone to teach her employees how to work faster.
market
consumers would have less variety of goods to choose from
quota
embargo
Cuba
traditional
Which of the following would most likely be a result of protectionism with trade barriers, but would NOT be a likely result of Free Trade? (RR4B and C)
giving people jobs so they can have money to spend
A business owner paying someone to teach her employees how to work faster.
market
consumers would have less variety of goods to choose from
quota
embargo
Cuba
traditional
A(n) _______________ is when a government bans trade with a certain country. The United States has had one of these in place against Cuba. (RR4)
giving people jobs so they can have money to spend
A business owner paying someone to teach her employees how to work faster.
market
consumers would have less variety of goods to choose from
quota
embargo
Cuba
traditional
Which of the following would be an example of how an entrepreneur could improve the Gross Domestic Product (GDP)? (QR43-Infer)
giving people jobs so they can have money to spend
A business owner paying someone to teach her employees how to work faster.
market
consumers would have less variety of goods to choose from
quota
embargo
Cuba
traditional
“I live in a hut that my family and I made of things we gathered from our surrounding environment. We don’t use currency, so we have to make or trade for the things we need to survive.” (RR2)
giving people jobs so they can have money to spend
A business owner paying someone to teach her employees how to work faster.
market
consumers would have less variety of goods to choose from
quota
embargo
Cuba
traditional
Which of the following would be an example of investment in human capital? (RR3/QR43)
giving people jobs so they can have money to spend
A business owner paying someone to teach her employees how to work faster.
market
consumers would have less variety of goods to choose from
quota
embargo
Cuba
traditional
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