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Presentation transcript:

UK, Germany, & Russia Economies GovernmentsTradeMiscellaneous

This country has a parliamentary democracy and a constitutional monarchy

What is the United Kingdom?

The UK has this type of an economy

What is mixed?

This country has a federation

What is Russia?

Germany’s type of government

What a Federal Republic?

On this continuum Russia would be placed at this letter ACBD Pure Command Pure Market

What is “C”?

An economy where individual citizens determine what gets manufactured and sold.

What is a free market economy?

Two examples of Capital Goods

What are machines and ovens?

An employee is this type of capital

What is “human capital”?

These are the three basic questions that all economic systems must answer.

What is: 1. What goods and services will be produced? 2. Who decides how the goods and services will be produced? 3. Who will get the goods and services?

This helps international trade for determining the value of one nation’s currency compared to another.

What is the currency exchange rate?

A group of independent states/countries that band together for some common purpose.

What is an confederation?

The diagram illustrates this type of distribution of power

What is a confederation?

This is an example of an autocratic ruler

What is a dictator or an absolute monarch?

When discussing the three types of citizen participation, this type is the only one where general citizens can make decisions.

What is a democracy?

In this type of democracy the executive leader is chosen by their coworkers in the legislature

What is a parliamentary democracy?

A tax on imports

What is a tariff?

The definition of GDP

What is the total amount of goods and services in a country in a year?

These are the four things that influence a country’s GDP.

What are human capital, capital goods, natural resources, and entrepreneurs?

Examples of this would be: oil, trees, water, diamonds, silver, gold, good soil, etc…

What are natural resources?

A natural resource that is limited.

What is “non renewable”?

Switzerland is landlocked. This is an example of …?

What is a “trade barrier”?

This is the main problem dealing with exchanging currencies.

What is a fee from the bank?

A person who is willing to take a risk to create a business to sell a new technique, idea, or product

What is an entrepreneur?

This type of trade barrier is used to demand change from a country’s government

What is an embargo?

An employer can invest in these two things to improve the quality of their employees *Daily Double* What will you wager?

What are education/training and healthcare?