This economic system relies on hunting, farming, making your own clothing, and trading...

In which economic system does the government decide what is produced and how it is produced.

In this economic system, citizens decide what to buy and sell.

Most countries have a combination of 2 or more economic types. This is called a _______ economy.

Cuba's government makes most economic decisions. It is a _________ economy.

Citizens and countries often focus on what they can produce most efficiently. This is called ______________.

A special TAX placed on imported goods is a ___________.

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

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

Another name for the money/cash we use is _____________ .

Receiving a good or service now and paying for it later is called ________.

A system of changing from one type of currency to another

Prices rising over time is __________.

When a family grows only enough food to feed their members.

The ability to read or write, _________, is the biggest factor in a country's GDP.

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 _________ ______.

Someone who risks time and money to start a business is an ______________.

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

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

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