Government And Economic Review 1: Question Preview (ID: 26729)


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The exact spot on Earth where something is found
a) absolute location b) relative location c) trade d) capital
the position of a place in relation to another place
a) absolute location b) embargo c) currency d) relative location
exchange of goods or services based on custom and tradition
a) traditional economy b) command economy c) market economy d) mixed economy
an economy in which business owners and consumers make decisions about what to make, sell, and buy
a) traditional economy b) command economy c) market economy d) mixed economy
an economy in which the government owns most of the industries and makes most of the economic decisions
a) traditional economy b) command economy c) market economy d) mixed economy
an exchange of goods and services based on at least two other types of economic systems
a) traditional economy b) command economy c) market economy d) mixed economy
something that prevents trade between people or nations
a) trade barrier b) currency c) capital d) citizen
taxes placed on items imported from outside the country
a) capital b) embargo c) tariff d) quota
in international trade, this is the limit put on the amount of a specific good that can be imported
a) capital b) quota c) embargo d) tariff
a trade barrier in which one country announces that it will no longer trade with another country in order to isolate and cause problems
a) capital b) quota c) tariff d) embargo
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