Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


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.
We do not share your email address with others. It is only used to allow you to reset your password. For details read 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.
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards
share
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

Social Studies

Nope.

QuestionAnswer
Economics Production, Distribution, and Consumption of goods.
Capitalism Private owners control products. Free Enterprise
Bartering Exchanging one good for another.
Supply How much people have/ How much is available.
Demand How much people want.
GDP The value of goods a country produces in a year.
Standard of Living The wealth of a person/ community.
Literacy Rate Percentage of people that can read and write.
Specialization Making a living of your talent .
Currency MONEY.
Currency Exchange Trading one currency for another type of currency.
Voluntary Trade You have the right to choose what to buy.
Questions Answered What is it, How will you make it, Who is it for.
Traditional Economic Systems Based on traditions, Usually no money involved.
Command Economic Systems Government has complete control.
Market Economic Systems Citizens have complete control. This has never happened before.
Mixed Economic Systems Government and Citizens both have power over the economy
Tariffs Taxes placed on imported goods.
Quotas Restrictions on the amount of a product imported into a country. (Causes prices to rise)
Embargoes Forbid trading with another country.
Euro European Union common currency.
EU Promotes free trade and democracy.
Natural Resources A naturally occurring source of wealth.
Capital Goods Machines or tools in the production of other goods.
Human Resources People in the work force (Employees).
Entrepreneur A person who takes a risk to start a new business.
What are two examples of capital goods Screws and Hammers.
What are three ways to invest in human resources Hire People,, Encourage them to work, Have a partner or group.
Created by: Cookie_Overlord