Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

VMMS Economics Vocab

6th Economic Vocabulary Words

TermDefinition
mixed economy modern economies with characteristics of a command and market economy
traditional economy customs and habits of the past are used to decide what and how goods will be produced.
command economy government planning groups make the basic economic decisions.
market economy decisions are guided by changes in prices that occur between individual buyers and sellers in the market place.
tariff tax on imported goods
embargo a government order to stop trading with another country
quota specific limit placed on the number of imported goods
currency money people used to make trade easier
exchange rate the price one nation's currency in terms of another nation's currency
physical capital factors, machinery technology
human capital education, healthcare, workers
GDP (Gross Domestic Product the total value of all goods and services produced in a country within one year.
NAFTA North American Free Trade Agreement
voluntary trade where the exchange of goods and services are done freely and benefit both parties.
entrepreneur a person who starts a business
specialization division of labor; becoming an expert at producing certain goods
import goods entering a country
export goods exiting a country
natural resources gifts of nature
dollar type of currency used in the United States
Created by: Ellis.Kellen
Popular Social Studies sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards