Unit 3 Environmental and Economic Concerns in Europe Part 2 Flashcards
Define human capital and list some examples.
invested in human workers
- education & health care
What is an entrepreneur?
the person who provides the money to start and own a business
What first caused air pollution in the U.K.?
sunlight acting on the gases from automobile and factory exhausts
List 3 negative effects of the nuclear disaster at Chernobyl:
-water, animals, food, and air are full or radioactive substances
Would you rather start a business in Russia or U.K.? Why?
U.K. because it takes a couple of days to start and there is more freedom, while Russia takes a couple of months
Define tariff, embargo, and quota
a tax on imported goods, a limit placed on the number of imports, is a government order to stop trade with another country
How can entrepreneurs help increase a country's GDP?
the process of producing goods can become quicker
What is the main cause of air pollution in the U.K. today?
admission, exhaust from gasoline, and diesel-powered vehicles
What is the purpose of an embargo?
to make the other country suffer
Why is it important to invest in human capital?
it can increase your GDP