3. Econ systems BarriersvocabRandom Blast from the past 10 30 20 40 50 10 30 20 40 50 10 30 20 40 50 10 30 20 40 50 10 30 20 40 50

4. Question: This system allows for buying and trading where the people choose what to buy/sell Check Your Answer Category 1 for 1

5. Answer: What is free market? Back to the Game Board Category 1 for 1 Score Board

6. Question: The system that has trading based on traditions and customs. Money is not used. Check Your Answer Category 1 for 2

7. Answer: What is traditional market? Back to the Game Board Category 1 for 2 Score Board

8. Question: This is the system where government controls what is sold/traded and sets the cost. Check Your Answer Category 1 for 3

9. Answer: What is command market? Back to the Game Board Category 1 for 3 Score Board

10. Question: This is the most common system used in most countries today. Check Your Answer Category 1 for 4

11. Answer: What is market economy? Back to the Game Board Category 1 for 4 Score Board

12. Question: This determines what type of economy a country has. Check Your Answer Category 1 for 5

13. Answer: What government involvement in decision making? Back to the Game Board Category 1 for 5 Score Board

14. Question: This is an obstacle that stops trade. Check Your Answer Category 2 for 1

15. Answer: What is trade barrier? Back to the Game Board Category 2 for 1 Score Board

16. Question: This barrier imposes a tax on imported goods. Check Your Answer Category 2 for 2

17. Answer: What is tariff? Back to the Game Board Category 2 for 2 Score Board

18. Question: This barrier stops trade between countries. Check Your Answer Category 2 for 3

19. Answer: What is embargo? Back to the Game Board Category 2 for 3 Score Board

20. Question: This barrier puts a limit on what is imported into a country. Check Your Answer Category 2 for 4

21. Answer: What is quota? Back to the Game Board Category 2 for 4 Score Board

22. Question: This is the term for when there is a shortage of a good. Check Your Answer Category 2 for 5

23. Answer: What is scarcity? Back to the Game Board Category 2 for 5 Score Board

24. Question: This is what is given up when making a choice. Check Your Answer Category 3 for 1

25. Answer: What is opportunity cost? Back to the Game Board Category 3 for 1 Score Board

26. Question: Name the 4 factors of production. Check Your Answer Category 3 for 2

27. Answer: What is capital resources, natural resources, labor resources, entrepreneur? Back to the Game Board Category 3 for 2 Score Board

28. Question: Goods such as machinery used in the production of a product. Check Your Answer Category 3 for 3

29. Answer: What is capital resources? Back to the Game Board Category 3 for 3 Score Board

30. Question: Capabilities of individuals to provide solutions to customers. Check Your Answer Category 3 for 4

31. Answer: What is human resources? Back to the Game Board Category 3 for 4 Score Board

32. Question: A person who organizes and assumes the risk for business. Check Your Answer Category 3 for 5

33. Answer: What is entrepreneur? Back to the Game Board Category 3 for 5 Score Board

34. Question: The social science that deals with the production, distribution, and consumption of goods and services. Check Your Answer Category 4 for 1

35. Answer: What is economics? Back to the Game Board Category 4 for 1 Score Board

36. The total market value of all the goods and services produced within the borders of a nation during a specified period. Check Your Answer Category 4 for 2

37. Answer: What is GDP? Back to the Game Board Category 4 for 2 Score Board

38. Question: Despite its economic success, Hong King has few of these. Check Your Answer Category 4 for 3

39. Answer: What are natural resources? Back to the Game Board Category 4 for 3 Score Board

40. Question: Where people have the most freedom, they also have this. Check Your Answer Category 4 for 4

41. Answer: What is higher standard of living? Back to the Game Board Category 4 for 4 Score Board

42. Question: Economists call the constant renewal of the economy this. Check Your Answer Category 4 for 5

43. Answer: What is creative destruction? Back to the Game Board Category 4 for 5 Score Board

44. Question: In this type of government, the central gov. possesses much authority and decision making power? (distribution of power) Check Your Answer Category 5 for 1

45. Answer: What is unitary? Back to the Game Board Category 5 for 1 Score Board

46. Question: In this government, (distribution of power) power is shared between central and state/local governments. Check Your Answer Category 5 for 2

47. Answer: What is federal? Back to the Game Board Category 5 for 2 Score Board

48. Question: In this government, states hold the most power. Check Your Answer Category 5 for 3

49. Answer: What is confederation? Back to the Game Board Category 5 for 3 Score Board

50. Question: Name the ocean closest to Antarctica. Check Your Answer Category 5for 4

51. Answer: What is South Ocean? Back to the Game Board Category 5 for 4 Score Board

52. Question: Name the ocean north of Europe. Check Your Answer Category 5 for 5

53. Answer: What is Arctic Ocean? Back to the Game Board Category 5 for 5 Score Board