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What are the 3 basic economic questions?
WHAT will be produced?
BY WHOM will it be produced?
FOR WHOM will it be produced?
What is the difference in products sold by developed nations and those sold by developing nations?
Developed nations tend to sell products made with advanced TECHNOLOGY, while developING nations tend to sell foods, natural resources and simple industrial products.
A example of involuntary migration.
During the 1800s, the British sent prisoners to Australia to serve their sentences
From the 1500s to 1800s, millions of Africans were taken against their will to Europe and the Americas as
Because of rapid population growth, Sao Paulo, Brazil cannot provide its citizens with enough:
houses and jobs
The economic system of the US may be called a mixed economy because
both the government and private individuals own industries
Which is NOT a kind of government
city-state is a REGION, not a government
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