Henderson S&E Asia Vocab Flashcard!

Henderson S&E Asia Vocab Flashcard!

Assessment

Flashcard

History, Geography

7th Grade

Hard

Created by

Wayground Content

FREE Resource

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10 questions

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1.

FLASHCARD QUESTION

Front

Traditional economy:

Back

An economic system shaped by customs and beliefs.

2.

FLASHCARD QUESTION

Front

Market economy

Back

An economic system where production and prices are set by unrestricted competition among privately owned businesses.

3.

FLASHCARD QUESTION

Front

Command Economy

Back

An economy where production, investment, prices, and incomes are centrally determined by the government.

4.

FLASHCARD QUESTION

Front

Specialization

Back

The process of concentrating on and becoming expert in a particular subject or skill.

5.

FLASHCARD QUESTION

Front

Quota

Back

A fixed share of something a person or group is entitled to or bound to contribute.

6.

FLASHCARD QUESTION

Front

Embargo

Back

Official ban on trade or commercial activity with a specific country.

7.

FLASHCARD QUESTION

Front

Currency exchange

Back

A business with the legal right to exchange one currency.

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