Economic Systems
Which economy is based on supply and demand?
What is a market economy?
In what year was the quarter first introduced?
What is 1796?
What is a person who buys and uses goods or services called?
Who is the consumer?
What step involves delivering products to stores or customers?
What is distribution?
What is a tax on imported goods called?
What is a tariff?
Which economy is controlled by the government?
What is a command economy?
What is the name of the woman featured on the front of the quarter for over 100 years?
Who is Lady Liberty?
What do we call goods brought into a country?
What is an import?
Which step involves getting raw materials from nature?
What is sourcing?
What do we call goods sent out of one country to be sold in another?
What are exports?
Which economy follows customs and traditions?
What is a traditional economy?
What government institution is responsible for making coins?
What is the United States Mint?
What term describes the relationship between how much of a product is available and how much people want it?
What is supply and demand?
What step moves products from one place to another?
What is transportation?
What is the system of production and distribution of goods and services in a country?
What is an economy?
What does a market economy depend on?
What is supply and demand?
Name the city where the oldest U.S. Mint is located.
What is Philadelphia?
What is a tool that raises a rim around the edge of a coin?
What is an upsetting mill?
What is the final step where goods are used by people?
What is consumption?
What is a pact between countries to facilitate trade by reducing tariffs?
What is a trade agreement?
Name one similarity between the U.S. market economy and Cuba’s command economy.
What is both economies aim to provide goods and services?
What is the name of the coin issued in 2000 honoring a Native American woman?
What is the Sacagawea dollar?
What is a coin that honors a person, place, or event?
What is a commemorative coin?
What are the five steps in the flow of materials?
What are sourcing, processing, transportation, distribution, and consumption?
What term describes trade between countries without restrictions or tariffs?
What is free trade?