(Grade 6) Lesson 7-10 Vocabulary Review

Exchange of goods and services in a market.

A society's ability to produce a product most efficiently given all the products it could produce.

Something that keeps goods and services from entering a country.

Tax on imports or exports.

Removal of trade barriers.

Country's economic growth and quality of life.

Country with a strong economy and a high quality of life.

Country with a less-productive economy and a lower quality of life.

Total value of all goods and services produced in a country in a year.

Amount of goods and services produced given the amount of resources used.