th 6 Social Studies Economics SS6E1ab,E5ab,E8ab Name and describe the 4 economic systems. SS6E1ab,E5ab,E8ab Name 3 questions every economy must answer. SS6E1ab,E5ab,E8ab Explain the economic continuum and how countries fall on it. SS6E1c What type of economic system does Canada, Cuba and Brazil have? SS6E2a,E9a How does specialization encourage trade? SS6E2b,E6a,E9b Identify 3 types of trade barriers. SS6E2c What is NAFTA? Name the 3 countries involved. SS6E2d,E6b,E9c Why does international trade need a system for exchanging money? SS6E3a,E7a,E10a What is human capital? How does it help the economy? SS6E3b,E7b,E10b How can capital like factories, machinery, and technology affect a country’s economy? SS6E3c,E7c,E10c How do natural resources affect a country’s economy? SS6E3d,E7d,E10d What is an entrepreneur? SS6E4 Define income, spending, credit, saving and investing. SS6E5c Describe the economy of the United Kingdom. SS6E5c Describe the economies of Germany and Russia. (past and present) SS6E8c Describe Australia’s economy. The End