Impact of Literacy Rates on Standard of Living

How do literacy rates affect their standard of living?

• The higher the literacy rates the higher the standard of living.

• The higher the standard of living the literacy rates don't exist.

• The higher the literacy rates the lower the standard of living.

• The higher the standard of living the lower the literacy rates.

Literacy rates in Cuba are among the highest in the world, but the standard of living is very poor. Why?

• Cuba’s democratic government gave too much power to the people and not enough government regulation.

• Cuba’s communist government gave too much power to the people and not enough government regulation.

• Cuba’s communist government gave too little power to the people and not enough government regulation.

• Cuba’s communist government mismanaged much of their money resulting in poverty for its citizens.

Which statement best describes the relationship between a country’s investment in capital goods and its gross domestic product (GDP)?

• A decrease in Literacy typically leads to investments in capital goods

• A decrease in GDP typically leads to investments in capital goods

• Investments in capital goods typically lead to an increase in GDP

• Investments in capital goods typically lead to a decrease in GDP

In 2006, the United Nations Security Council unanimously adopted a resolution to stop the export to and the import from Cuba on certain items and technology potentially related to weapons. Is an example of?

• Quota

• Embargo

• Tariff

In 2005, the United States limited the imports of Brazil textiles to 7.5% a year. Is an example of?

• Quota

• Tariff

• Embargo

What is the primary goal of the United States, Mexico, and Canada Agreement (USMCA)?

• Creating a mutual defense pact between Canada, Mexico, and the United States

• Eliminating barriers to trade between Canada, Mexico, and the United States

• Reducing barriers to immigration between Canada, Mexico, and the United States

• Reducing industrial pollution within Canada, Mexico, and the United States

Why do countries need to have a system for exchanging currency with other nations?

• so they can have a uniform value of currency so they can identify what the value of goods are

• to know the value of their money compared to the value of other countries' money so they can trade goods

• so that they can know which countries' currency have the greatest value so they can buy goods at the lowest cost

• to have an international bank that converts the money of each country so countries can buy and sell goods

In a pure Command Economy who makes the economic decisions?

• Individuals

• Government

• Business

• Traditional customs

Which of the following statements are True about economic systems?

• All countries have mixed economies. Some are closer to Command or Market.

• All countries have Traditional economies.

• All countries have Pure Market economies.

• All countries have Pure Command economies.

The total value of everything produced in a country in one year is?

• Literacy Rate

• GDP (Gross Domestic Product)

• Human Capital

• GDP per Capita