Busy. Please wait.

Forgot Password?

Don't have an account?  Sign up 

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.

By signing up, I agree to StudyStack's Terms of Service and Privacy Policy.

Already a StudyStack user? Log In

Reset Password
Enter the email address associated with your account, and we'll email you a link to reset your password.

Remove ads
Don't know (0)
Know (0)
remaining cards (0)
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards

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

Cantrell's Economics

Traditional Economy People in this economic system produce what they need to survive by farming or hunting and gathering. They trade by bartering.
Command Economy The government controls what is produced and how it is produced.
Market Economy Economic decisions are based on what its people want to buy and sell.
Mixed Economy All countries have this type of economy.
Economy of Cuba Mixed, mostly Command
Economy of Mexico Mixed, mostly Market
Economy of Brazil Mixed, mostly Market
Tariff Tax on imported goods
Quota Restrictions on the amount of a good purchased from another country
Embargo Trade is forbidden with other country
North America Free Trade Agreement NAFTA
Purpose of NAFTA To establish free trade between USA, Canada, and Mexico
Currency Money
Foreign Exchange Exchanging money from one country for money from another
Pesos Mexico's Currency
Real Brazil's Currency
Dollar USA's Currency
Productive Resources Natural Resources, Capital Resources, Human Resources, Entrepreneurs
GDP Gross Domestic Product
GDP measures Total income of the country for a year
GDP Per capita Average Household Income
Germany's Economy Mixed mostly Market
Russia's Economy Mixed mostly Market
UK's Economy Mixed mostly Market
Interdependence When two or more countries depend on each other to provide the goods and services they need
Created by: dcantrell