Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
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.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
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

Eco Systems Quiz

QuestionAnswer
Traditional Economy economy based on beliefs and values; usually involves bartering rather than exchange of currency.
Capitalism economic system in which private owners control the production of goods and profit ( free enterprise and market economy )
Market Economy an economic system based on free trade and competition ( free enterprise and capitalism.
Socialism economic system in which most businesses are owned and ran by the government ( usually communist )
Communism economic, social and political system based on the teaching of Karl Marx.
Command Ecomomy an economic system in which the central government makes all economic decisions
Mixed Economy an economic system that has a combinations of government and privetly owned businesses
Trade Barriers obstacles to trade between countries
Quota number limit on how many items of a particular product can be imported from a particular country
Tariff a tax placed on imported goods
Embargo bans on trading another country for political reasons
Economics a Social Science that deals with the production, distribution and consumption of goods and services.
Bartering exchanging one good or service for another
Supply how much people have or how much is available
Demand what or how much people want
Gross Domestic Product ( GDP ) the value of all of the goods and services produced in a country per year
Standard of Living how well citizens live based on goods, public services, education, health care and jobs
Literacy Rate the % on how many people can read and write
Specialization making a living doing what a person is best at
Opportunity Cost the value of what is given when a choice is made
Currency money
Exchange Rate how much of one currency is worth in terms of another
Human Capital a supply of people who produce goods and services
Capital Goods items people need to preform their jobs
Natural Resources items that come from the world around us that we use for ourselves
Entrepreneur people with new ideas that are willing to take risks to start a businesses or made a product.
Created by: weakstick
Popular Economics sets

 



Voices

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:
Retries:
restart all cards