Economics Review 6th Grade

Front

An item which is produced, bought, or sold.

Back

product

Front

Restrictions placed on imports or exports of certain goods from other countries.

Back

embargo

Front

The per person measure of a country's wealth and economic strength.

Back

GDP per capita

Front

...is the percentage of people that can read and write.

Back

Literacy rate

Front

The price of one nation’s currency in terms of another nation’s currency.

Back

exchange rate

Front

Which trade barrier is a tax?

Back

Tariff

Front

Which trade barrier is a limit?

Back

quota

Front

Embargo means

Back

stopping trading

Front

Countries sometimes set up __________ ___________ to restrict trade

Back

trade barriers

Front

An economic system in which the buyers and sellers make most of the decision, but the government also plays a role to keep people safe.

Back

mixed