1. Define the three stages of economic activity. Give examples from your own country.
1.1. Production: Making products and services
1.2. Consumption: the use of the products made
1.3. Exchange: trade, give and receive
2. What is meant by a subsistence economy? Are there still people in the word using this system?
2.1. Subsistence economy refers to de tradition of some tribes that depend on hunting, gathering, fishing and itinerant economy.
2.2. There are some tribes around the world that still practicing these kinds of economy like the bushmen in Africa.
3. How was money created?
3.1. It was created for the need to create a unit to express the value of the goods, and make exchanges easier
4. Define Barter and Trade.
4.1. Barter: exchange of one product for another
4.2. Trade: exchange of one product for money
5. What is an economic system?
5.1. A set of rules which characterizes the economy of a society
6. What is capitalism? Check out the cartoon and the pyramid. Do you agree with it? What is your opinion?
6.1. It’s a economy system based on production and consumption
6.2. The capitalism pyramid is very disgusting because you see how just some people get the benefits from others work
7. What is the motor of economic activity?
7.1. Search for profit
8. When were metal coins invented?
8.1. In the 7th century in Lidia
9. When and where was paper money first used?
9.1. In the 11th century in China
10. Why did they invent cheques?
10.1.They were created as safer form of pay
11. What are the advantages and disadvantages of using a credit card nowadays?}
11.1.The problem of not having cash money for small things
11.2.The possibility of paying thing without the need of having a huge package of money in the wallet
12. What is a private agent? (give examples from your own country)
12.1.A private agent is an enterprise created by someone out the government of a country
13. What is a public agent? (give examples from your own country)
13.1.A public agent is a enterprise created by the government of a country
14. Where does a public agent play a more important role? (Socialism or Capitalism)
14.1.It’s more important in socialism economies
15. Do you think Socialism could work better than Capitalism? What is your opinion?
15.1.I think that neither of both works well because no country its well developed in all the economic sectors
16. What are original production factors? /What other production factors are there? (p.44-47)
16.1.Land and labor and there are other two that are capital and technology
17. What are the two original production factors? Give examples of each.
17.1.Land: land, water, animals, plants
17.2.Labor: physical and intellectual
18. What is a renewable source? Give examples.
18.1.It’s a source that cannot finish like air
19. Energy sources belong to the production factor "Labor" T/F
19.1.T
20. What is land? What is it good for?
20.1.It’s a group of natural resources
20.2.It’s good for the production process
21. What is labor? Define it with your own words.
21.1.It’s the activity that humans do for a certain work it could be physical or intellectual
22. What is the difference between an employee and an employer?
22.1.Employee: It’s the one who does the labor for the employer
22.2.Employer: it’s the one who orders the employee
23. What is a salary?
23.1.It’s the amount of money that a employee receives from the employer after a certain time of work
24. What parts of a work contract seem important to you?
24.1.The time of the contract and the salary
25. How is house work distributed in your homes? If the housework is mainly carried out by the same person, do you think this person should be paid?
25.1.Depending if it is a person of the family or a employee of the family
26. Read doc.2 on page 45. What do you think about child labor? Is this happening in your country? If yes what can be done about it?
26.1.Its very bad because kids have to be free to enjoy their life’s
27. What can you say about unemployment in Ecuador? What happened since 2006 (Correa)?
27.1.The actual percentage of unemployed people is of 5% it has decreased since Correa.
28. Compare the unemployment rate of Ecuador and Spain. Which is higher?
28.1.Spain has 21.5 percent of unemployed population.
29. What are the three types of capital? Give examples from your local area.
29.1.Physical, human, and financial capital
30. What is technology?
30.1.The procedures taken to produce goods and services
31. What are the types of technology? Give examples from your local area.
31.1.Manual production, Mechanized production, Technical production
32. Define the three economic sectors. (short summary) Give examples of your own country.
32.1.Primary sector: It’s the extraction of goods from the land
32.2.Secondary sector: It’s the transformation of the goods to productive objects
32.3.Tertiary sector: It’s the process of providing services with the produced objects
33. What do you think is carried out most in Ecuador? The primary or the secondary sector? Why?
33.1.Ecuador its most of the primary sector because they always are extracting raw material for sale to other countries
34. What is the most important activity of the tertiary sector in Ecuador? Why?
34.1.Tourism because Ecuador has a beautiful landscape to meet
35. What does automation means? Give examples from your own country.
35.1. It’s the process of making processes automatic with the use of machines
36 Name the economic sectors.
36.1. Primary, secondary, tertiary
1.What is migration?
Migration (human) is the movement of people from one place in the world to another for the purpose of taking up permanent or semipermanent residence, usually across a political boundary.
2.types of migration.
Internal Migration
External Migration
Emigration
Immigration
Population Transfer
Impelled Migration (also called "reluctant" or "imposed" migration)
Step Migration
Chain Migration
3.why do people migrate?
People usually migrate becouse of a problem, they could be: food shortage, war, flood.
It could be also becouse the search something better: better climate, better food supply.
4. What problems do people who arrived in a country have to cope with?
discrimaniton, getting bad jobs, lack of residence documents, no access to legal medicine.
5. What are the advantages and disadvantages of migrating?
the advantages could be better way of living, support for you family in other country, dissavantages culd be discrimination, hard to fing work
6. How many Ecuadorians live in Europe or in the US ?
about 500.000 ecuadorians live in US, about 90.000 live in Queens
Did you know?
about 1.5 million ecuadorians live out of ecuador and the send allmost 1.7 billion dolars to their families in ecuador every year.
7. What is the difference between a migrant, an immigrant and an emigrant?
A migrant is a person who moves regularly in order to find work especially in harvesting crops.
An immigrant is a person who comes to a country to take up permanent residence.
8. What defines a third world country? Is Ecuador considered as a third world country?
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