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 (0)
Remaining cards (0)
Know (0)
0:00
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

Euro. Economics Voc.

Vocabulary Words for European Economics

TermDefinition
Bartering a system of exchange where one good or service is given in return for another good or service; does not require money
Command Economy an economic model where the government makes all business and financial decisions
Market Economy an economic model where supply and demand/ people answers all economic questions
Traditional Economy an economic model where the economic questions are answered by custom, habit, and history
Mixed Economy term used to describe all modern world economies and the mix of market and command economies
Gross Domestic Product (GDP) the estimated total value of all the final goods and services produced in a nation in a year’s time
Specialization focusing on a narrow range of products or services that can be produced most efficiently and cost-effectively
Trade Barrier any activity which slows or stops the free exchange of goods and services between nations
Embargo a trade barrier that stops all trade with another nation
Quota a trade barrier that places a limit on imported goods from another nation
Tariff a trade barrier that places a tax on imported goods from another nation
Currency a nation's money
Created by: cordellt
 

 



Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then tap the card to flip it. If you knew the answer, tap the green Know box. Otherwise, tap the red Don't know box.

When you've placed seven or more cards in the Don't know box, tap "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just tap 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