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_______ is an economic and governmental system based on public ownership of the means of production and exchange.
socialism
_____ is a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.
communism
A hospital only has enough kidney dialysis machine for 3/5 people who need treatment. Give an example of scarcity and opportunity cost using this situation.
opportunity cost: 2/5 people may die and will not be able to contribute to the world/family/friends
scarcity: there are not enough dialysis machines
Give one incentive the government may give to encourage people to use more bicycles
possible: rebate on bicycles purchased, create bike lanes, increase tax on gasoline
Give one example of something that is found in the product market
teacher to accept any correct answer
Give one example of something that is in in the factor market
capital, labour, land, entrepreneurship
Why is it hot at the equator?
It is hot at the equator because here is where the Earth receives the most direct sunlight.
Why does Glasgow have a warmer climate than Moscow even though they are at similar latitudes?
Glasgow is warmer than Moscow because it is closer to the ocean and is warmed by a warm ocean current.
What biome is usually present at latitudes 30 degree North and South?
desert
Climate or weather - “Sports Day is cancelled, it is raining too much.”
weather
Climate or weather - “Hanoi is colder than Ho Chi Minh in the winter.”
climate
Climate or weather - “Where should we go for our skiing holiday this year?”
climate
How can a glacier exist on a mountain near to the Equator?
Altitude. As altitude increases, the temperature decreases. Therefore, the top of a high mountain will be cold and could form ice.
What are 5 uses of palm oil?
1. You wash with it
2. Brush with it
3. You apply it
4. Spread it
5. Wash with it
6. Cook with it
7. Eat it
Which country produces the largest amount of palm oil?
Indonesia
What does CSPO stand for?
Certified Sustainable Palm Oil
