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Eco Systems Quiz

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Question
Answer
Traditional Economy   show
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show economic system in which private owners control the production of goods and profit ( free enterprise and market economy )  
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Market Economy   show
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show economic system in which most businesses are owned and ran by the government ( usually communist )  
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Communism   show
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Command Ecomomy   show
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show an economic system that has a combinations of government and privetly owned businesses  
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show obstacles to trade between countries  
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show number limit on how many items of a particular product can be imported from a particular country  
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show a tax placed on imported goods  
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Embargo   show
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Economics   show
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show exchanging one good or service for another  
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show how much people have or how much is available  
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Demand   show
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Gross Domestic Product ( GDP )   show
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Standard of Living   show
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Literacy Rate   show
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show making a living doing what a person is best at  
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Opportunity Cost   show
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Currency   show
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show how much of one currency is worth in terms of another  
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show a supply of people who produce goods and services  
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Capital Goods   show
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Natural Resources   show
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Entrepreneur   show
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Created by: weakstick
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