Economics 6th Grade- Foster

Community barters goods and services

All countries have a _________ economy.

People that perform the work

Things needed to produce a good or service

When a country limits the amount of a product that can be sold to another country

Taxes charged for goods that leave or enter a country

Based on customs and traditions

Keep products from being bought and sold between countries

When one country completely refuses to trade with another country

Person that takes a risk by starting a business

Privately owned businesses

Government determines prices and wages

Which is not one of the 3 economic questions?

Government provides needs of people

Which is not one of the 4 factors of production?

Which is NOT a trade barrier?

The production, consumption, and distribution of goods and services in a society

Business owners determine what to produce

Things found on Earth

Things people perform for other people (ex. haircuts)