SW Asia Econ Anticipation Guide Pre test

Someone who is willing to take a risk to begin a new business

Producing those goods a country can make most easily so they can trade them for goods

in this economic system, decisions are based on customs and beliefs of their ancestors

Factories, machinery, and technology

in this economic system, the government makes all economic decisions

the total value of all goods and services produced within a country in a single year

In this economomic system, decisions are made by private citizens with no govt. regulation

a tax that is placed on imported goods

a limit on the amount of imported goods

policies that limit the ability of a country to trade with other countries

the ability of people over the age of 15 to read and write

education, skills, and training the workers have

gifts of nature

A ban on tadinbg with a particular country for economic or political reasons

the economic systems is a blend of command and market systems