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Economics Term Flashcards | StudBud
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Economics Term
money
limit on how much
Economics Term
19 terms
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Flashcards
19 cards
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Questions
19
Answers
1
limit on how much
quota
embargo
tariff
idk
2
money
exchange rate
idk
something
currency
3
won't trade
quota
tariff
idk
embargo
4
money is worth
currency
idk
exchange rate
taiff
5
objects people sell or buy
idk
goods
goods
natural resources
6
total value
GDP
idk
producer
money
7
tools workers use to make things
goods
stuff
capital resources
idk
8
extra price added
tariff
quota
embargo
idk
9
Skills workers use to make things
human resources
idk
GDP
sevices
10
isn't enough
GDP
idk
less
scarcity
11
certain things
idk
trade
currency
specialization
12
when tradition decides what a country will make
traditional economy
market economy
command economy
something
13
activities people sell or buy
goods
scarcity
idk
services
14
mixes of both command and market
traditional economy
market economy
command economy
mixed economy
15
materials from nature
goods
scarcity
natural resouces
idk
16
the government decides what a country will make
traditional economy
command economy
market economy
idk
17
consumers and producers decide what a country will make
mixed economy
command economy
market economy
traditional economy
18
acerage amount of money
GDP per capita
GDP
19
creating a businesses
producer
consumer
services
entrepreneurship
