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Unit 5/10 Matching
Export
Goods that are produced in a country and shipped to other countries
Traditional Economy
Traditions and cultural beliefs determine which goods are made, how they are made, and for whom they are made
Mixed Economy
An economy that has aspects of market, traditional, and command economies present
Trade Barriers
Anything that makes trade more difficult; can be physical or economic
Capital Goods
Goods that are used to make other goods (Examples: machinery, factories, tools)
Quota
A type of trade barrier where the amount of imported goods from a country is limited
Entrepreneurship
A person that takes a risk with his/her personal money to open a new business or provide a service
Human Capital
The value of a person's skills and education
Tariff
A type of trade barrier where a country places a tax on imported goods
Import
Goods that brought into a country from another country
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