SW Asia Economies (SS7E5,6,7)

This is used by a country to pay for goods and services:

Total money value of everything produced in a country in 1 year

This is tax on imported goods:

This is a restriction on the amount of a good that can be imported:

This person has an idea for a good or service and takes the risks to produce it:

When countries are dependent on each other for goods and services

an economy where you do what your ancestors did

What is a trade barrier?

In this type of economy, private businesses answer the 3 economic questions

This forbids trade with another country:

In terms of economies, the word PURE means?

The products, items and technology a business needs to run and exceed

What type of economy does the US have?

When a company educates and trains its people in their job skill, it is:

The government controls everything in this type of economy: