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☆☆☆☆☆Cards in this guide (8)
What type of nation will have a high Human Development Index rating
developed, because it has the most money to spend
What are some examples of how culture affects economics
* Specific holidays like Christmas or Cinco de Mayo. * People watching movies at home on DVDs. * A food preference for pork over other animal meat. * Health habits like smoking or overeating.
How does a high gross domestic product GDP affect health care
Quality health care is expensive, and nations with higher GDP can afford better care.
What factors determine a nation's Human Development Index HDI
* Knowledge of the population through education and reading * Standard of living * Life expectancy
Which of the following is a negative features of a free market system
It's unequal; some people do well while others do not.
Advanced economy high standard of living high human development
Developed
Is concerned with all of the activities involved in creating goods and services and the distribution of those goods and services to customers
Me
Whats called when the government controls the entire economy
When the government controls the entire economy, it is called a centrally planned economy.
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