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Economics Vocab: Preview for Test

Total questions: 9

Worksheet time: 10mins

Name
Class
Date
1.

Match the following

a)

1.

Increases trade

📦➡️⬅️📦

b)

2.

Entrepreneurs start new business.

c)

3.

Command Economy

d)

Private Companies

4.

Market Economy

e)

Agreement that helped trade relations

5.

USMCA

2.

What Latin American country is associated with letter "A," with more government control in the economy?

a)
Cuba
b)
Brazil
c)
Mexico
3.

Match the following

a)

1.

Import

b)

2.

Export

c)

3.

Improve Efficiency (How you work)

d)

4.

Improve Skills

4.

Trade Barriers

a)

Ban on Trade ⛔

1.

Embargo

b)

Tax

2.

Tariff

c)

Limit

3.

Quota

5.

Match the following

a)

GDP Increases ↗

1.

Invest in Human Capital🏫

b)

Invest in Capital Goods

2.

Buy new computers💻 for workers.

c)

3.

Trade Barriers

d)

4.

Literacy Rate

6.

???

a)

Market economy

b)

Traditional economy

c)

Mixed Economy

7.

Economic Continuum

a)

b)

📦➡️⬅️📦

c)

🌎🌱💎🐄

8.

?

a)

Entrepreneurs

b)

Natural Resources

c)

Human Capital

9.

Embargo

a)

b)