Economics Vocabulary
Authored by Billye Young
Social Studies
7th Grade
Used 92+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economic system based on supply and demand
Market
Command
Traditional
Mixed
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Trade barrier that taxes imported goods
Tariffs
Quotas
Embargo
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ban on trade from a country for political reasons
Tariffs
Quota
Embargo
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Education and Job Training
Natural Resource
Human Capital
Capital Goods
Entrepreneur
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False: A person who starts a business is a natural resource
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A limit on the amount of imported goods from another country
Tariff
Quota
Embargo
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a country produces specific good or service at a lower cost
Taxes
Embargo
Quota
Specialization
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