Economics Review 6th Grade

An item which is produced, bought, or sold.

• service

• product

• natural resources

Which of the following are natural resources?

• forest

• wind

• oil

• windmill

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

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

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

Another word for currency.

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

• currency

• exchange rate

Which trade barrier is a tax?

• Tariff

• quota

• embargo

Which trade barrier is a limit?

• embargo

• tariff

• quota

Embargo means

• limiting trade

• taxing trade

• stopping trading