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History T-CAP
Things that are need to know on T-CAPS
Question | Answer |
---|---|
Import | To buy good from another country |
Export | To trade good to other countries |
Barter System | Goods and services are traded to and from other goods and services |
Tariffs | Tax added to the value of goods that are imported |
Supply and Demand | Describes the interaction in themarkey of a good between producers and consumers |
Inflation | Overall increase in the price of goods across the econony |
Renuable Resource | resources that can be used over again or wil never run out |
Nonrenuable Resource | Recources that can be used up at one point or are not replacable, cannot use again |
Erosion | the process of wearing away caused my wind, water, or glacial ice |
Currents | moving streams of water in the worlds oceans, with affect the climate of land areas |