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