REACH Economics Vocabulary Quiz

someone who buys goods and services

• consumers
• currency
• producers
• saving

Borrowing money

• loan
• taxes

Money paid to the government

• taxes
• budget

Things you can buy and use

• credit
• goods

Jobs someone does for other people

• services
• credit

A product that one country BUYS from another.

• import
• export

Something that is used as a medium of exchange; money

• currency
• currency exchange
• bartering

A product that one country SELLS to another.

• import
• export

The factories, machines, and technology that people use to make products to sell.

• capital goods
• human capital
• entrepreneurship

Creative, original thinkers who are willing to take risks to create new businesses and products.

• entrepreneurs
• human capital
• per capita gdp