Busy. Please wait.
Log in using 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


How does voluntary trade benefit buyers and sellers in other countries? Countries choosing to trade with each other because it will be helpful to both
Currency a form of money
When a country invest in its education, training workers for certain skills, factories and technology the country should have a good or bad GDP? increased (good) GDP
Found in nature, not man made. Natural resource
The country of Japan imports almost all of its food due to lack of arable land. However, they are one of the leading countries of exporting technology. This is an example of what? Specialization
Diamonds, Uranium, Oil and Gold are examples of? Natural resource
What factors influence economic growth? Natural resources, capital goods and human capital
When a person borrows money and agrees to pay it back with interest. Credit
Money given when a person works for a period of time. Paycheck (income)
Diamonds sold illegally, usually to fund militant groups Conflict diamonds
Investment Depositing or spending money in an effort to make a financial gain in the future.
A financial plan. Budget
Money that is put away for later use Saving
When a country stops trade with another, usually based on a political reason Embargo
Limiting the supply of a particular product, in order to maintain a certain price level. Quota
When a country imposes a tax on imported goods to protect its own products Tariff
Trade barrier Any form of regulations or policy that restricts trade.
Most countries in the world have a __________economic system. Mixed
When only the government determines what is produced. Command economy
What is Per Capita GDP? Gross Domestic Product divided by a countries population
What is Gross Domestic Product? (GDP) Total goods and services produced by a country in one year
Three basic economic questions. 1. What is produced? 2. Where is it produced? 3. For whom is it produced?
Subsistence farming is an example of what economic system? Traditional
Created by: mfountain



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