Name the island COUNTRY in the WESTERN HEMISPHERE that STILL uses a Communist form of government.....
Cuba
Name the 3 TYPES of Productive Resources....
Natural, Labor/Human and Captial
For a country to be considered DEVELOPED, name ONE economic indicator that should be LOW....
Infant Mortality Rate, % of Children < 15, % people employed in farming
What TYPE of agriculture produces enough of a crop to earn a profit?
Commercial
What TERM refers to items sent OUT of a country to be sold elsewhere?
EXPORT
What TERM refers to when a business's REVENUES exceed its COSTS?
(p.s. this is the GOAL of ALL businesses)
PROFIT
Which ECONOMIC INDICATOR refers to the number of babies that die before reaching age 1?
INFANT MORTALITY RATE
Which ECONOMIC INDICATOR refers to the percentage of people that can read and write?
Literacy Rate
