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International Towne Quiz Flashcards | StudBud
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International Towne Quiz
International Towne Quiz
11 terms
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StudBud Administration
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153 plays
Some economic terms.
Flashcards
11 cards
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Practice quiz
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Questions
11
Answers
1
Money in circulation. The form of money used in a country.
Notes
Barter
Sea shells
Currency
2
The willingness to assume the risks of organizing and starting a small business.
Land
Labor
Entrepreneurship
Capital
3
Man-made resources used to produce other goods and services machines factories tools and money
Labor
Economy
Capital
Land
4
The percentage of citizens that can read and write.
Literacy Rate
Tariff
Literacy
Education
5
The value of one country's currency as to another.
Captial
Rate of Exchange
Exchange rate
Currency
6
Goods brought in from a foreign country.
Trade barrier
Export
Import
NAFTA
7
Goods shipped out of a country.
Trade
Import
Currency
Export
8
The identification needed for international travel.
Library Card
Passport
Smile
Driver's ID
9
When one nation prohibits trade with another, often for political reasons.
Deny
Trade
Embargo
10
The total value of goods and services produced by a country.
GDP
Imports
Gross Domestic Product
Trade
11
All human effort including the knowledge and skills used in the production of goods.
Trade
Land
Captial
Labor