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Social Studies Economics Vocabulary Matching

AB
NAFTAThis trade agreement was signed by Canada, Mexico and the United States.
Trade BarrierAn activity that slows down the exchange of free goods and services between nations.
Sugar CaneThis very sweet crop creates big business in South America.
WageThis is how much a person is paid for financial earnings.
BarteringThis is another word for trade where goods are exchanged that does not involve money.
EconomicsThe process of making, selling and distributing goods and services.
Command economyCuba has this type of economic system.
What to produce?One of the three basic economic questions.
QuotaA required amount that must be produced in a specific time frame.
Mixed EconomyThis term is used to describe the market/command/traditional blending of all modern world economies.
EntrepreneurThis is a person that creates or starts up their own business.
CurrencyA nation’s money is referred to as this.
Black FridayThis is the one of the biggest shopping days for businesses happening in November.
Abraham LincolnThis United States president is found on the $5 bill.
TariffThis is a type of tax placed on goods.



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