Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

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.
Didn't know it?
click below
Knew it?
click below
Don't know
Remaining cards (0)
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

Unit 5 Vocabulary

Unit 5 vocabulary

Human Capital the set of skills which an employee acquires on the job, through training and experience, which increases the employee’s market value out in the work force
Entrepreneur a person who organizes and operates a business
Currency Exchange the price of one country's currency compared to another country's currency
Capital Goods Machines and tools used in the production of other goods
Mixed Economy an economic system combining private and public enterprise; combining both market and command economies
Market economy Individuals own resources and decide what and how to produce (prices and wages are determined by supply and demand)
Traditional economy Customs and traditions decide every economic decision. Resources are shared and bartering is used
Command economy Government owns resources and controls production, prices and wages
Tarrif A list of taxes placed by a government on imported goods
Quota Number limit of how many of a particular product can be imported from another country
Embargo Order that restricts or prohibits trade with another country
Trade barriers A government’s attempt to manage trade to benefit their economy
GDP An economic measure used to determine a country’s economic output during a fiscal year
Natural resource Product of the earth that people use to meet their needs
Economics the study of making, buying, and selling of goods and services.
Free Enterprise competition between business only found in market and mixed economies
Literacy Rate The percentage of people over the age of 15 that can read and write
Capital wealth in the form of money or property, used or accumulated in a business, by a person, partnership or corporation
NAFTA an agreement for free trade between Canada, mexico, and the US
Investment investing in money or property in order to gain profit
Voluntary Trade a market where buyers and sellers have the right to sell and buy their own preference of goods
Created by: jodi1405



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:
restart all cards