Economic Terms Flashcards

Economic Terms Flashcards

Assessment

Flashcard

Business

6th Grade

Practice Problem

Hard

Created by

Tiana Clark

FREE Resource

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20 questions

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1.

FLASHCARD QUESTION

Front

command economy

Back

an economic system based on government control and regulations

2.

FLASHCARD QUESTION

Front

exchange rate

Back

the ratio of how much of one currency can be exchanged for equal value of another currency

3.

FLASHCARD QUESTION

Front

human capital

Back

the talents, skills, and labor of people that can be used to produce goods and services

4.

FLASHCARD QUESTION

Front

market economy

Back

an economic system allowing consumers and producers can buy and sell what they want

5.

FLASHCARD QUESTION

Front

import

Back

a good or service bought from another country

6.

FLASHCARD QUESTION

Front

entrepreneurship

Back

the activity of creating a new business

7.

FLASHCARD QUESTION

Front

literacy rate

Back

the percentage of adults who can read and write

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