Quizizz 3/21 - 3/25

percentage of the population of a given age group that can read and write.

• GDP

• outsourcing

• literacy rate

• standard of living

how well or how poorly a person or group of people live in terms of having their needs and wants met - value of the goods and services produced or used by the individual, family, or nation

• market

• Gross Domestic Product

• standard of living

• human capital

transfer of work from one country to another country where labor is cheaper

• outsourcing

• market

• capital goods

• Gross Domestic Product

the skills, knowledge, and experience possessed by an individual or population

• market

• human captial

• captial

• Gross Domestic Product

goods that include buildings, machinery, equipment, vehicles, and tools

• currency

• capital goods

• human capital goods

• market

the total value of goods produced and services provided in a country during one year

• currency

• capital goods

• market

• Gross Domestic Product

a person who starts and operates a business

• entrepreneur

• capital

• president

• dictator

economy in which the prices of the products and services are chosen in a free price system that is decided by supply and demand.

• mixed

• market

• traditional

• command

economy where the government closely controls the economy

• traditional

• market

• command

• mixed

economy that is typically based on bartering, trading, and farming

• command

• traditional

• market

• mixed