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Team 2
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15
×
If a country has a higher literacy rate, would the standard of living be higher or lower?
Higher
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15
×
If a country is closer to market, who makes the business decisions-the government or individual citizens?
Individual Citizens
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lifesaver
Give 20 points!
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fairy
Take points!
5
10
15
20
25
×
fairy
Take points!
5
10
15
20
25
×
banana
Go to last place!
Oops!
10
×
If a country is an autocracy, their economy is probably closer to market or command?
Command
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15
×
If a country invests in capital goods, should their GDP increase or decrease?
increase
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baam
Lose 20 points!
Oops!
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gold
Win 50 points!
Okay!
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shark
Other team loses 25 points!
Okay!
×
baam
Lose 20 points!
Oops!
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banana
Go to last place!
Oops!
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gift
Win 25 points!
Okay!
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gift
Win 10 points!
Okay!
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banana
Go to last place!
Oops!
25
×
If a country has new technology, new roads and bridges, and make goods in factories, which factor of economic growth have they invested in?
Capital goods
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25
×
Instead of producing everything, countries focus on a few items to make very well. What is this an example of?
Specialization
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5
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Not allowing trade at all
Embargo
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15
×
If a country invests in human capital, would their literacy rate increase or decrease?
increase
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15
×
True or False-A country voting to increase tariffs is an example of an autocracy?
False-no voting in an autocracy
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25
×
What are the 4 factors that influence economic growth?
Human capital, capital resources, natural resources, entrepreneurship
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20
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Tax on imported goods
Tariff
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15
×
Crops and handmade clothing would probably be made by someone in what type of economy?
Traditional
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10
×
Supply and demand control most aspects of this economy
Market
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