Economics Vocabulary SLIFEs

Front

What type of economy is characterized by customs and traditions? Options: Market economy, Traditional economy, Mixed Economy

Back

Traditional economy

Front

What are the entities that create goods and services in an economy? Options: Producers, Consumers, GDP

Back

Producers

Front

???

Back

Invest

Front

What type of economy is characterized by a combination of traditional, market, and government planning?

Back

Mixed economy

Front

Nike is a ________.

Back

Business

Front

Economic Continuum

Back

Front

What is the term for individuals who create and manage businesses? Options: Entrepreneurs, Natural Resources, Human Capital

Back

Entrepreneurs

Front

Embargo

Back

Front

What is the correct term for goods sent out of a country? Options: Export, Import, Trade

Back

Export

Front

What is the term for bringing goods into a country? Options: Export, Import, Trade

Back

Import