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This is a tax on imported goods. It limits the amount of goods a country can import
COMMAND
TRADITIONAL
MARKET
TARIFFS
HUMAN CAPITAL
GDP
EMBARGO
NATURAL RESOURCES
This is how a country’s economic growth is measured
COMMAND
TRADITIONAL
MARKET
TARIFFS
HUMAN CAPITAL
GDP
EMBARGO
NATURAL RESOURCES
This factor of economic growth includes renewable and non-renewable resources that are “Gifts from nature”
COMMAND
TRADITIONAL
MARKET
TARIFFS
HUMAN CAPITAL
GDP
EMBARGO
NATURAL RESOURCES
This economic system is where traditions, habits, and customs control the economic decisions.
COMMAND
TRADITIONAL
MARKET
TARIFFS
HUMAN CAPITAL
GDP
EMBARGO
NATURAL RESOURCES
In this economic system, the government controls ALL economic decisions. Cuba and the Soviet Union have this type of economy.
COMMAND
TRADITIONAL
MARKET
TARIFFS
HUMAN CAPITAL
GDP
EMBARGO
NATURAL RESOURCES
In this economic system, the people and the market control the economic decisions. Canada, Great Britain and the US have this type of economy.
COMMAND
TRADITIONAL
MARKET
TARIFFS
HUMAN CAPITAL
GDP
EMBARGO
NATURAL RESOURCES
This factor of economic growth includes training and educating people
COMMAND
TRADITIONAL
MARKET
TARIFFS
HUMAN CAPITAL
GDP
EMBARGO
NATURAL RESOURCES
This is a government order to stop trade with another country
COMMAND
TRADITIONAL
MARKET
TARIFFS
HUMAN CAPITAL
GDP
EMBARGO
NATURAL RESOURCES
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