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Economics
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Economic vocabulary for a high school special education class
Flashcards
21 cards
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Questions
21
Answers
1
What is the smallest amount of money you can legally be paid?
resource
sales tax
market
minimum wage
2
What is the value of goods and services made by a country in a year?
Ferrari
profit
Fair Trade Agreement
Gross National Product
3
a way of organizing a country's economy so that the businesses belong to people not goverment
charity
capitalism
communism
4
to make something, often with machines
utlility
manufacture
resource
5
When someone tries to trick you . . .
scam
scavenger hunt
tax
6
To focus on one area or work
specialize
species
economy
7
to send products out of the country to be sold
import
income
export
expensive
8
time spent working beyond normal working hours
technology
sales tax
free time
overtime
9
Money spent on running a business is called an _______.
profit
export
expense
10
What is a substance obtained from a chemical process?
company
charity
chemicals
honey
11
a program that pays your medical bills if you're sick
health insurance
union
labor force
overtime
12
What do you call a situation where two or more people are trying to get the same thing?
mistake
competition
country
consumer
13
What is a piece of equipment with moving parts that is used to do a job?
machine
consumer
manager
14
What is the term that means there is not enough of something?
plastic
scarcity
sweatshop
15
To tell about something you want to sell.
advertise
budget
capital
16
money or equipment used to start a business
charity
consumers
capital
bakery
17
An organization that raises money to help people in need.
profit
capital
charity
monopoly
18
to bring something into the country from another place
examine
import
export
income
19
the complete control of something, especially a service or the supply of a product
monopoly
competition
minimum wage
community
20
What is a light and strong man-made material that can be molded into different shapes?
plastic
profit
liquids
sales tax
21
What is the study of the way money, goods, and services are made and used in society?
electronics
physics
export
economics