Economics

Economics

1. Please Join this Presentation with directions above.
2. Please go to my Canvas page, click the november month icon, click Week 3, and find the notes under today's date, the 18th.

Multiple Choice

A tariff is a ______

• tax placed on imported goods
• a limit placed on imported goods
• a stop of all trade 

Multiple Choice

When a country refuses to trade with others it is participating in a trade ______

• tariff
• embargo
• quota

Multiple Choice

If a country limits the amount of an imported good, they are using a 

• embargo
• tariff
• quota

Multiple Choice

Which was the first disney movie?

• Pinocchio
• Frozen
• Inside Out 
• Snow White and the Seven Dwarfs

Multiple Choice

Why is a system of currency exchange necessary for international trade?

• Nearly all world currencies are worthless on the world market
• Those buying goods on the world market only accept payment in gold and silver
• Most goods bought on the international market must be bought and paid for using United States dollars only
• There must be a way to pay for goods purchased from countries with different types of currencies due to Nationalism

Multiple Choice

What are the names of the two princess sisters?

• Mulan and Snow white

• Helga and Mulan

• Anna and Dana

• Anna and Elsa

https://www.flocabulary.com/unit/gdp/

THE GDP RAP

Multiple Choice

If the literacy rate of a country is high, is the standard of living generally high or low?

• Low
• High

Multiple Choice

What is human capital ?

• skills and education workers have

• taxes collected from a country's workers

• money paid to workers for producing goods

• the amount of goods sold in foreign trade in a year

Multiple Select

Which of the following is an investment in your own Human Capital? Select all that apply

• On the job training

• Getting an college degree

• Attending a workshop in your occupation

• Donating clothes to the local Goodwill

Multiple Choice

Factories, machinery, and technology are

• Capital Goods

• Human Goods

• Natural resources

• Gross Domestic Product

Multiple Choice

Gross Domestic Product is the total value of all final goods and services produced in a country in a single year.

• True

• False

Multiple Choice

What is an entrepreneur?

• people who enjoy saving all their money

• business people who try not to take risk with their money

• someone who is always successful in whatever he attempt

• someone who is willing to take risk to begin a new business

Multiple Choice

Who is the daughter of King Triton