SW Asia ECONOMICS
Quiz by Nat Christman
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38 questions
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- Q1a limited or fixed amount of foreign goods that can come into a countryQuota30s
- Q2money; something that is used as a medium for the exchange of goods and servicesCurrency30s
- Q3A tax placed on goods when they are brought into one countyTariff30s
- Q4a person who organizes and manages his or her own businessEntrepreneur30s
- Q5The price of one nations currencyExchange Rate30s
- Q6The percentage of people who are able to read and writeLiteracy Rate30s
- Q7starting a business; the development of a business from ground up- coming up with an idea and turning it into a profitable businessEntrepreneurship30s
- Q8practical application of knowledge to accomplish a taskTechnology30s
- Q9the total value of all goods and services produced in a country in a yearGross Domestic Product (GDP)30s
- Q10the skills, knowledge, and experience processed by an individual or populationHuman Capital30s
- Q11level of comfort enjoyed by a person or societyStandard of Living30s
- Q12economy in which individual consumers and producers make all the economic decisionsMarket Economy30s
- Q13economy that combines elements of traditional, market, and command economic systemsMixed Economy30s
- Q14economy in which people make economic decisions based on their customs and habits; they produce goods and services like they did in the pastTraditional Economy30s
- Q15economy in which the central government makes all the basic economic decisionsCommand Economy30s