Economics

A________________is a trade barrier in which a tax is placed on goods.

• quota

• tariff

• embargo

• import

This is how a person's education and training help them do their job.

• human capital

• natural resources

• market economy

• capital goods

My grandfather traded a cow for six chickens and a hen. This is an example of _____________.

• barter

• import

• export

• embargo

My father owns a factory that makes shoes. He makes the coolest boots. Everyone wants his boots. He exports thousands of pairs of boot each year. My father is an ______.

• consumer

• agricultural worker

• entrepreneur

• resource officer

My Mother always takes me Christmas Shopping. We shop and shop. I love buying gifts for everyone. This make us ______________.

• consumers

• industrialists

• entrepreneurs

• tired

My Dad told me I needed to get a summer job. I have several yards that I mow. On Thursdays, I go around from house to house to collect my ____________.

• consumers

• insurance

• wages

• barter

Why are coal, silver, and oil considered natural resources?

• They are a person's education.

• They are tools used in a business.

• They are a person's training.

• They are found naturally in the earth.

The total money value of all goods and services produced in a country in one year is its ____________.

• Gross Dumestic Prices

• Grand Domestic Places

• Gross Domestic Prices

• Gross Domestic Product

These are the tools and resources used to run a business.

• stuff I need

• human capital

• capital goods

• natural resources

All the people who are working in a country are part of its __________________.

• labor force

• unemployment rate

• literacy rate

• life expectancy