Second Semester Exam Review

What was created to increase trade and eliminate tariffs between Mexico, Canada, and the United States?

• NASA

• NAFTA

• WTO

• EU

What is the relative health, skills, education, and training of a nation's labor force?

• Human Capital

• Capital Goods

• Standard of Living

Which trade barrier blocks all trade between nations?

• Embargo

• Tariff

• Quota

Which trade barrier charges a tax on imported goods?

• Tariff

• Embargo

• Quota

• Specialization

Mrs. Williams decides to train her new employees to teach them how to become better salesmen. What is this an example of?

• Investment in capital goods

• Investment in natural resources

• Investment in human capital.

What was the first language spoken by European explorers in Australia?

• French

• English

• Spanish

Separatists in __________ feel they should have independence from Canada.

• Quebec

• Alberta

• New Brunswick

Between Brazil, Cuba, and Mexico, _________ citizens have the least freedom to do business.

• Mexico

• Brazil

• Cuba

In a _____________ all citizens can participate in this type of government.

• democracy

• autocracy

The __________ of Australia selects the head of government in Australia

• citizens

• Parliament

• dictator