Economic Systems and Investments

Front

when a country invest in Education, Skills, and Training, they are investing in their countries what?

Back

Human Capital

Front

When a country invests in new technology, new factories, and new equipment, what is the country investing in?

Back

Capital Goods

Front

In this economy we do what our ancestors did

Back

Traditional Economy

Front

in this type of Economic System the Government answers the 3 Economic Questions

Back

Command Economy

Front

In this Economic System, the Business and Consumers answer the 3 Economic Questions.

Back

Market Economy

Front

When two or more Economic Systems come together they create what type of Economic System?

Back

Mixed Economy

Front

What type of Trade Barrier is a TAX on imported goods?

Back

Tariff

Front

This type of Trade Barrier STOPS/BANS ALL TRADE

Back

Embargo

Front

this is a limit on how much of a product can come into a country..

Back

Quota

Front

what is NAFTA?

Back

North American Free Trade Agreement