What are the three economic questions?
Economic Terms

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Social Studies
•
6th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
What to produce, how to produce, and for whom to produce
2.
FLASHCARD QUESTION
Front
What is a quota?
Back
limit placed on the quantity of imported goods
3.
FLASHCARD QUESTION
Front
A tax placed on imported goods.
Back
Tariff
4.
FLASHCARD QUESTION
Front
a common currency (money) used by several EU
Back
Euro
5.
FLASHCARD QUESTION
Front
Trade in which both partners freely agree to and benefit from the exchange of goods/services. (Trade that is not forced.)
Back
voluntary trade
6.
FLASHCARD QUESTION
Front
Trade of goods and services within a country.
Back
domestic
7.
FLASHCARD QUESTION
Front
Trade of goods and services with other countries.
Back
international
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