Canada Part 2 Flashcard

Front

If a country does not invest in human capital, what is the likely outcome?

Back

they will probably have a lower standard of living

Front

Company owners decide economic decisions. What type of economy is this? Options: command, traditional, mixed market, mixed command

Back

mixed market

Front

When a country focuses on one product because of production efficiency, this is an example of

Back

specialization

Front

Why do countries invest in capital goods?

Back

doing so makes for better tools and technology to improve production

Front

How do citizens of parliamentary democracies elect their countries' leaders?

Back

citizens vote for the legislature who then choose the prime minister

Front

The most free: mostly market, mostly command, mostly traditional, mostly presidential

Back

mostly market

Front

Vacationing from US to Italy involves which type of exchange? Options: gdp exchange, currency exchange, human exchange, capital exchange

Back

currency exchange

Front

Canada's head of government

Back

prime minister

Front

Canada's legislature

Back

parliament

Front

Mixed but mostly market: Canada's government, Canada's gdp, Canada's economy, Canada's currency

Back

Canada's economy