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economics and env

unit 4 vocabulary

QuestionAnswer
economy dictated by government command
economy driven by individuals and private ownership and limited government interference market
economy based on the customs or traditions of the local indigenous population traditional
restrictions or limits on trade trade barrier
trade barrier that ends trade with another country for political or safety reasons embargo
a limit on the amount of goods that can be imported or exported quota
trade restriction that imposes taxes on imported goods tariff
people that contribute to the economy human capital
creation of businesses by individuals entrepreneurship
the total value of goods and services produced in a country in a year per person gros domestic product
a confederation of countries in Europe that have come together for limited economic and political reasons European Union
the currency, or money, the European Union uses Euro
a release of radiation or radioactive materials far in excess of health standards nuclear disaster
city in the Ukraine where the worst nuclear disaster in history occurred Chernobyl
rainwater that is more acidic than normal Acid Rain
Created by: deleted user
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