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26 Cards in this Set

  • Front
  • Back
Government of Brazil
Brazil has a presidential democracy.
The Federal government distributes power.
People 18-70 can vote.
Government of Mexico
Federal government with presidential democracy.
Presidents on serve one 6 year term.
Government of Cuba
Has dictatorship with unitary government.
Only has one legal political party.
Government of Canada
Has a Parliamentary democracy.
Federal government distributes power.
Has a Monarch (King or Queen) as head of state - very little power.
Easiest country to start your own business
Canada
Country with the least freedom to do business and has a command economy. The United States has an embargo on this country.
Cuba
Countries where Buyers and Sellers must agree on price to trade
Canada and Brazil
These countries have market economies
Canada, Mexico and Brazil
Specialized
Workers that focus on doing one area of a job.
They are considered experts.
They leave the rest of the work to the other specialists.
Trade
Exchanging goods or services between people and countries.
what are Trade Barriers
Anything that makes it more difficult to trade across countries.
Examples of Trade Barriers
Tariff.
Quota.
Embargo.
Tariff
A tax on imports.
Quota
Limits placed on the number of imports that enter a country.
Embargo
The government ordering the stop of trade with another country.
Imports
Goods purchased from another country and are going to be sold in your country.
What does NAFTA stand for?
North American Free Trade Agreement
What does NAFTA do?
As the world's largest free trade zone, NAFTA removed tariffs among Mexico, Canada and the United States.
Currency
The money people use to make trade easier
Currency used in Mexico and Cuba
Peso
Currency used in the United States and Canada
Dollar
Currency used in Brazil
Real
What does GDP stand for?
Gross Domestic Product
What is GDP?
It is the total value of all goods and services produced in a country in one year.
What is human capital?
It is the investment in the education, skills training and health of the workers in a business or country.
What is an Entrepenuer?
A person who starts their own business and risks their own money and resources, hoping to earn a profit.