Cantrell's Economics
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Traditional Economy | People in this economic system produce what they need to survive by farming or hunting and gathering. They trade by bartering.
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| Command Economy | The government controls what is produced and how it is produced.
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| Market Economy | Economic decisions are based on what its people want to buy and sell.
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| Mixed Economy | All countries have this type of economy.
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| Economy of Cuba | Mixed, mostly Command
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| Economy of Mexico | Mixed, mostly Market
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| Economy of Brazil | Mixed, mostly Market
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| Tariff | Tax on imported goods
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| Quota | Restrictions on the amount of a good purchased from another country
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| Embargo | Trade is forbidden with other country
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| North America Free Trade Agreement | NAFTA
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| Purpose of NAFTA | To establish free trade between USA, Canada, and Mexico
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| Currency | Money
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| Foreign Exchange | Exchanging money from one country for money from another
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| Pesos | Mexico's Currency
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| Real | Brazil's Currency
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| Dollar | USA's Currency
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| Productive Resources | Natural Resources, Capital Resources, Human Resources, Entrepreneurs
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| GDP | Gross Domestic Product
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| GDP measures | Total income of the country for a year
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| GDP Per capita | Average Household Income
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| Germany's Economy | Mixed mostly Market
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| Russia's Economy | Mixed mostly Market
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| UK's Economy | Mixed mostly Market
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| Interdependence | When two or more countries depend on each other to provide the goods and services they need
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
dcantrell
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