Wright SS Economic Vocabulary

Match it! Select the correct answer from the pull down...Good luck!

The work (labor) of people using their hands, ideas, education, etc... is called ___________.

A restriction or limit on the number of goods that can be imported is called a __________.

A system of changing from one type of currency to another

When a country forbids trade with another country it is called a ___________ .

Being really good at doing a certain thing is called ______________.

A special TAX placed on imported goods is a ___________.

The total value of all goods and services for the year in a country is called its _______.

Machines, technology, and all the man-made things used to run a business are called _________ ______.