Unit 4 Economics of Europe
Flashcard
•
English, Social Studies
•
6th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
What is the name of the economic and political organization of 27 European nations?
Back
European Union
2.
FLASHCARD QUESTION
Front
The total value of all the goods and services produced in a country in a year is the ________
Back
Gross domestic product or GDP
3.
FLASHCARD QUESTION
Front
What vocabulary term does the picture represent?
Back
Economic continuum
4.
FLASHCARD QUESTION
Front
How do traditional economies exchange goods?
Back
Bartering
5.
FLASHCARD QUESTION
Front
What is a term that as a verb means to gain financially; and as a noun means the economic gains of a business?
Back
Profit
6.
FLASHCARD QUESTION
Front
What is the economic system where private individuals own and control property and businesses?
Back
Capitalism
7.
FLASHCARD QUESTION
Front
What is the term for a tax on imported goods?
Back
Tariff
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