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200 pt 300 pt 400 pt 500 pt 100 pt 200 pt 300 pt 400 pt 500 pt 100 pt 200 pt 300 pt 400 pt 500 pt 100 pt 200 pt 300 pt 400 pt 500 pt 100 pt 200 pt 300 pt 400 pt 500 pt 100 pt Economic Systems Economic Systems Trade Economic Growth Economic Growth Terms Random
Economic System where the economic questions are answered based on customs and beliefs…
Economic system where the government makes all economic decisions…
Economic system that is centered on the concept of free enterprise…
Economic system that combines free enterprise with governmental involvement in certain industries…
The majority of Democratic nations in the world have this type of economy…
Anything that hinders (prevents) free trade from occurring is referred to as a…
Goods purchased outside the country are called _____, and goods sold outside the country are called _____.
Imports & Exports
The North American Free Trade Agreement (NAFTA) is designed to encourage free trade amongst these 3 countries…
Mexico, Canada, & the United States
Name 2 of the 3 types of trade barriers that we’ve discussed…
Cultural, Physical, and Economic
Name the 3 types of economic trade barriers…
Embargo, tariff, and quota
All the skills, talents, abilities, and education that human workers possess.
When someone starts their own business, invents something new, or improves an existing idea…
All the goods that are produced in an economy, then used to produce other goods and services…
The total amount of goods and services that are produced in a country during one year…
Gross Domestic Product (GDP)
List 2 ways in which a country can invest in its human capital…
Educating citizens Training citizens Keeping citizens healthy
The term for exchanging goods and services without the use of money…
Anything that can be used an accepted method of money…
The term for competition among companies…
The term for countries being able to exchange goods and services without any trade barriers…
This economic trade barrier is when a country refuses to trade with another country, for political reasons…
Any materials that are found in nature and are valuable to people…
Germany, Russia, and he United Kingdom all have which type of economy…
A limit on the number of a certain good that can be imported into a country is called a…
Countries with communist governments are known to have what type of economy…
List 2 things that make Russia’s natural resources difficult to use…
Harsh climate Large size Few navigable rivers It’s landlocked
Trade and Economic Growth
SS6E5 The student will analyze different economic systems.
Economics Economic Systems Trade Barriers Misc. Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q $200 Q $300 Q $400 Q $500 Final Jeopardy Economic Growth Terms.
Europe Unit 3 Economics and Environmental Understandings.
ECONOMIC DEVELOPMENT OF LATIN AMERICA STUDY GUIDE.
Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up.
Economies. Economics Supply of human skills, natural goods, and capital goods.
SOUTHERN AND EASTERN ASIA Economic Understandings.
Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.
There are 4 different types of economic systems: 1. Market economic system (pg R32) - this is an economic system based on individual choices and voluntary.
What are the Terms? What are the Terms? To Trade Or Not To Trade To Trade Or Not To Trade Economic.
Economic Systems UNIT TEN NOTES.
SS6E1 The student will analyze different economic systems. SS6E2The student will give examples of how voluntary trade benefits buyers and sellers in Latin.
Unit 3 Economy Study Guide Who or what makes the decisions of what to produce, how to produce, and for whom to produce in a traditional economy? Customs.
Economic Systems Unit 12 Notes. Different Economic Systems Scarcity refers to the limited supply of something –Every country must deal with the problem.
1. In the late 1700s the British government used the colony of Australia as: A. a location in which to build new factories. B. a prison to which criminals.
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