Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Economic Vocabulary Review
Test Description: Economic
Instructions: Answer all questions to get your test result.
1) Goods LEAVING a country.
A
embargo
B
exports
C
imports
D
trade barrier
2) The ability to read and write...
A
traditional economy
B
opportunity cost
C
literacy
D
specialization
3) Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain...
A
human resources
B
Capital resources
C
NAFTA
D
Natural Resources
4) 4) Signed in 1994 by the United States, Canada, and Mexico; eliminated tariffs between these countries.
A
Market Economy
B
EU
C
Specialization
D
NAFTA
5) Money used in a particular country to buy goods and services.
A
Traditional Economy
B
Currency
C
Trade barrier
D
Market Economy
6) The division of labor; work is divided into parts for workers, factories, or countries to become experts at producing certain goods.
A
capital resources
B
human resources
C
opportunity cost
D
specialization
7) Government order to stop trade with another country to put pressure on another country.
A
standard of living
B
tariff
C
Embargo
D
quota
8) Price of one nation's currency in terms of another nation's currency.
A
GDP
B
exchange rate
C
standard of living
D
mixed economy
9) Mountains, rivers, oceans, deserts...
A
Natural trade barriers
B
capital resources
C
human resources
D
Natural Resources
10) 10) A group of 27 European countries united to improve trade, education, farming, and industry among the members.
A
Traditional economy
B
NAFTA
C
EU
D
human resources
11) 11) The degree of wealth and material comfort available to a person or community.
A
natural resources
B
entrepreneur
C
standard of living
D
human resources
12) Economy that is based on customs and beliefs (farming, hunting).
A
traditional economy
B
specialization
C
command economy
D
market economy
13) 13) One or more people who has an idea for a good or service, sets up a business, taking financial risks in hope of profit.
A
traditional resources
B
capital resources
C
entrepreneur
D
human resources
14) 14) Economy that falls in between pure market and pure command (has some of both economies).
A
command economy
B
traditional eonomy
C
market economy
D
mixed economy
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?