What TERM refers to items sent OUT of a country to be sold elsewhere?
EXPORT
Which ECONOMIC INDICATOR refers to the percentage of people that can read and write?
Literacy Rate
What TERM refers to an inadequate supply of resources (not enough)?
scarcity
Which ECONOMIC INDICATOR refers to the number of babies that die before reaching age 1?
INFANT MORTALITY RATE
What TERM refers refers to things or items that we use that are produced?
goods
Name a COUNTRY that uses a THEOCRACY....
Iran, Vatican City
Which BRANCH of government makes the laws?(WARNING: THE FIRST ANSWER IS THE ONLY ONE THAT WILL COUNT!)
Legislative
Name the 3 TYPES of Productive Resources....
Natural, Labor/Human and Captial
Name the island COUNTRY in the WESTERN HEMISPHERE that STILL uses a Communist form of government.....
Cuba
Which form of government is characterized by violence and chaos?
Anarchy
Name one form of government that meets the following criteria:
RULE BY FEW
Power is UNLIMITED
THEOCRACY OR COMMUNISM
How many members of the US Senate represent each state?
2
Name a COUNTRY which uses a CONSTITUTIONAL MONARCHY....
United Kingdom, Japan
What innovation of the factory system led to the mass production of products?
assembly line
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
Which form of government is the oldest?
Absolute Monarchy
What TERM refers to the careful management of producing, distributing, and consuming wealth and resources?
Economy or Economics
This evil chubby little man is Kim Jong Un....he is the communist leader of which EAST ASIAN COUNTRY?
North Korea
Which GREEK word refers to a form of government that is "RULED BY FEW?"
Oligarchy
What TYPE of agriculture produces enough of a crop to earn a profit?
Commercial
Name one form of government that meets the following criteria:
Rule by ONE
Power is UNLIMITED
Absolute Monarchy or Fascism (dictatorship)
What LEVEL of Industry is depicted in this image?
Quaternary
What TERM refers to when a business's REVENUES exceed its COSTS?
(p.s. this is the GOAL of ALL businesses)
PROFIT
In which form of government does a King or Queen govern with supreme authority over ALL matters of the country?
Absolute Monarchy