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DSS
What marked the end of the Cold
War?
a. The rule of Gorbachev
b. The creation of Russia
c. The break-up of the Soviet
Union
d. The destruction of the Berlin
DSS
What determines price in a Market Economy ?
Explain why!
DSS
What is specialization and how does it
help the economy?
Answer:
Specialization allows for you to do one
thing very well and “perfect” your job.
Countries then trade for what they need=
which increases the GDP!
Additional Questions to answer:
Why might people in a country want free-trade? (who
benefits & who is hurt?)
Why might people in a country want trade barriers?
(who benefits & who is hurt?)
(using the chart on pg. 146) If you want to buy a
product in the following countries what currencies
need to be exchanged?
Clothes in Mexico?
Coffee in Costa Rica?
A condo in Belize?
Oil from Venezuela?
#1
A combo of
Command +
Traditional +
Market economy = ?
#2 How is political power distributed in this
country?
Unitary?
Confederation ?
Federal ?
#3 What kind of government
distributes power like this?
#4 Investing in this = what?
#5 How is this an example of
Specialization?
#6 What is the goal of NAFTA?
#7 This picture represents what
form of government?
#8 What’s the big difference
between…?
Parliamentary
Democracy
Vs.
Presidential
Democracy
#9 What
‘s GDP
in a country?
#10 What kind of economic system
does this country have?
Answers
1.
2.
3.
4.
Mixed
7. Democracy
Federal
8. Separate election for
Unitary
President vs. PM
Increased GDP/
9. Increased
Productivity
productivity (Captial)
5. Expert at one thing= 10. Command
More productive
6. Free trade zone between
Mex./Canada/ US=increase
Standard of living