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The four factors of production are capital, human capital, entrepreneurship, and ___________
European countries with more entrepreneurs have a higher gross domestic product.
In a mixed economy, the government sets rules to protect buyers and sellers, and it allows for some freedoms.
Natural Resources
A leader who does not have a lot of political power or influence
Human Capital
Autocracy
Traditional
The GDP will decrease
According to the 2016 Global Entrepreneurship Index, the United Kingdom and Germany are considered two of the top-ranked countries in Europe with the greatest number of entrepreneurs. Which statement is TRUE about entrepreneurship?
European countries with more entrepreneurs have a higher gross domestic product.
In a mixed economy, the government sets rules to protect buyers and sellers, and it allows for some freedoms.
Natural Resources
A leader who does not have a lot of political power or influence
Human Capital
Autocracy
Traditional
The GDP will decrease
Which reason states why most economies in Europe are mixed instead of pure market?
European countries with more entrepreneurs have a higher gross domestic product.
In a mixed economy, the government sets rules to protect buyers and sellers, and it allows for some freedoms.
Natural Resources
A leader who does not have a lot of political power or influence
Human Capital
Autocracy
Traditional
The GDP will decrease
When one person has complete control in a government, what type of government is it?
European countries with more entrepreneurs have a higher gross domestic product.
In a mixed economy, the government sets rules to protect buyers and sellers, and it allows for some freedoms.
Natural Resources
A leader who does not have a lot of political power or influence
Human Capital
Autocracy
Traditional
The GDP will decrease
What is a figurehead/ceremonial leader?
European countries with more entrepreneurs have a higher gross domestic product.
In a mixed economy, the government sets rules to protect buyers and sellers, and it allows for some freedoms.
Natural Resources
A leader who does not have a lot of political power or influence
Human Capital
Autocracy
Traditional
The GDP will decrease
When a country educates and trains its people, it is investing in___________
European countries with more entrepreneurs have a higher gross domestic product.
In a mixed economy, the government sets rules to protect buyers and sellers, and it allows for some freedoms.
Natural Resources
A leader who does not have a lot of political power or influence
Human Capital
Autocracy
Traditional
The GDP will decrease
If a country does NOT invest in human capital, how can it affect its GDP?
European countries with more entrepreneurs have a higher gross domestic product.
In a mixed economy, the government sets rules to protect buyers and sellers, and it allows for some freedoms.
Natural Resources
A leader who does not have a lot of political power or influence
Human Capital
Autocracy
Traditional
The GDP will decrease
Which of the following economic systems is NOT a part of the economic continuum?
European countries with more entrepreneurs have a higher gross domestic product.
In a mixed economy, the government sets rules to protect buyers and sellers, and it allows for some freedoms.
Natural Resources
A leader who does not have a lot of political power or influence
Human Capital
Autocracy
Traditional
The GDP will decrease
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