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- 1. Multiple ChoiceThe national government owns some of the country's key natural resources. Is this economy close to command or market?MarketCommand
- 2. Multiple ChoiceIn this country, private individuals and companies own the country's land and factories. This country's economy is closer to . . .MarketCommand
- 3. Multiple ChoiceIn this country, individuals and businesses are required to pay high taxes to the government. This country's economy is closer to . . .MarketCommand
- 4. Multiple ChoiceIn this country, low taxes allow individuals and businesses to have greater economic freedom. This country's economy is closer to . . .MarketCommand
- 5. Multiple ChoiceOf the following countries, _______________ is the closest to a command economy.MexicoBrazilCuba
- 6. Multiple ChoiceGross domestic product is the value of ___________________ produced by a country in a year.natural resourcesgoods and servicesentrepreneurs
- 7. Multiple ChoiceIf you divide the GDP by the population of a country, you will get ______________.GDP per capitaGDP per capitalGDP per person
- 8. Multiple ChoiceNatural resources means ___________ from the earth.ideas and resourcesraw materialsskills and knowledgefactories and machinery
- 9. Multiple ChoiceHuman capital means ___________ of workers.ideas and resourcesraw materialsskills and knowledgefactories and machinery
- 10. Multiple ChoiceCapital goods include ________________.ideas and resourcesraw materialsskills and knowledgefactories and machinery
- 11. Multiple ChoiceWhich is a reason a government might set a quota on the import of foreign goods?to protect its own natural resourncesto encourage investments in human capitalto protect its own businesses from competition
- 12. Multiple ChoiceThe USA's ban on trade with Cuba is an example of which type of trade barrier?QuotaEmbargoTariff
- 13. Multiple ChoiceThe U.S. and Cuba both produce tobacco. If these countries begin trading again, some tobacco producers worry that competition from Cuba might hurt their business. What is a reasonable way for the U.S. to protect its own tobacco producers?reinstate a ban on trade with Cubaestablish a tariff on Cuban tobacco productsallow all Cuban goods to enter the USA except tobacco
- 14. Multiple ChoiceWhat is NAFTA's main goal?To increase trade between North American countriesTo keep trade low between North American countries.To make tariffs higher.
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