Economics Southeast Asia

Anything that slows down or prevents one country from exchanging goods with another.

• Trade barriers

• Specialization

• Human capital

• Entrepreneur

The knowledge and skills that make it possible for workers to earn a living producing goods or services. The education and training of workers.

• Capital Goods

• Specialization

• Tariff

• Human Capital

What is the amount of goods and services produced within a year divided by the total population of that country?

• Gross Domestic Product

• Human Capital

• Per Capita GDP

• Investment

Some countries have a government with total control of the economy. The government decides which goods to produce. What term identifies this type of economic system?

• Traditional

• Command

• Market

• Public

A way of limiting the amount of foreign goods that can come into a country.

• Tariff

• Quota

• Embargo

• Currency

Those products a country makes best and are in demand on the world market.

• Specialization

• Trade Barriers

• Tariff

• Quota

A system of changing from one type of currency to another.

• Currency

• Embargo

• Human Capital

• Exchange rate

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

• Specialization

• Currency

• Entrepreneur

• King

An economy in which a government planning group makes most of the basic economic decisions for the workers.

• Traditional

• Command

• Stuck

• Market

The ability of the population of a country to read and write.

• GDP

• Literacy Rate

• Standard of Living

• Specialization