1-5
6-10
11-15
16-20
21-25
100
The per person measure of a country's wealth and economic strength.
What is per capita GDP?
100
An item which is produced, bought, or sold.
What is a product?
100
Goods sold from the USA to other countries.
What are exports?
100
Talents and skills that people have that allow them to provide services and produce goods.
What are human resources?
100
Any law or practice that a government uses to limit free trade between countries.
What are trade barriers?
200
Machines, tools, and equipment used to make other products or services.
What are capital resources?
200
The method a society used to answer the Three Basic Economic Questions.
What is an economic system?
200

This is a tax on imported goods

What is a tariff?

200
A task or job that a person or business performs for other people.
What are services?
200
A person or business that uses goods and services.
What is a consumer?
300

Gifts of nature, not manmade resources, such as water, plants, soil, or minerals.

What are natural resources?

300
Goods from other countries brought to the USA to be sold or consumed.
What are imports?
300
The difference between the producers cost and the selling price.
What is profit?
300
How people produce, distribute, and consume goods and services
What is economics?
300
When nations depend on trade with one another for goods and services.
What is interdependent?
400

This is a limit on the number of goods from a certain place or product that can be imported

What is a quota?

400
Restrictions placed on imports or exports of certain goods from other countries.
What is an embargo?
400
Unlimited wants of people with only limited resources to fulfill those wants or desires.
What is scaricity?
400
Any product that people make and use.
What is a good?
400
The ability to put resources into making goods or services brought into a country on imports, making imported goods more expensive.
What is specialization?
500
A person or business that supplies goods and services to make a profit.
What is a producer?
500
An economic system where the government controls production and distribution of goods and services.
What is a command economy?
500
The willingness of people to invest money on the development of a new product or idea.
What is an entrepreneurship?
500

An economic system where producers and consumers drive the economy by determining what is produced and consumed with little government intervention.

What is a market economy?

500
An economic system that uses customs to determine its operation.
What is a traditional economy?
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