Business Freedom Flashcard

Front

Which of the following countries has the least freedom to do business? Brazil, Cuba, Canada, Mexico

Back

Cuba

Front

Brazil is building new factories and using new technology. These are examples of:

Back

Investment in capital goods

Front

Which of these BEST describes the economy of Brazil? a market-based economy with hardly any central economic planning, a command economy with hardly any market-based economic activity, a market-based economy with a fair amount of central economic planning, a command economy with a fair amount of market-based economic activity

Back

a market-based economy with a fair amount of central economic planning

Front

How can Brazil improve entrepreneurship? Options: by limiting access to nonrenewable resources, by nationalizing economically important industries, by increasing regulations on the private sector, by making it easier to start a new business

Back

by making it easier to start a new business

Front

Cattle ranching is important for Brazil's economy. However, large herds of cattle need lots of space to graze. Which industry would MOST LIKELY suffer if cattle ranching expanded in Brazil? Options: agriculture, lumber, manufacturing, mining

Back

lumber

Front

What is true about literacy rate and how well off people are (or, the standard of living) in a country?

Back

The higher the literacy rate, the higher the standard of living.

Front

What would be the BEST way for the government of Mexico to increase entrepreneurship in the country?

Back

The government should increase investment in human capital.

Front

What is an advantage of specialization?

Back

A factory can produce more goods in less time for less money.

Front

A student decides to open his own lemonade stand in order to make money to buy an Xbox. This is an example of:

Back

Entrepreneur

Front

Mr. Cunningham decides to send each of his new employees to a training to teach them how to become better salesmen. This is an example of:

Back

Investment in human capital