Economics
Economics Terms
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Topics of this game:
- not enough resources to produce everything people want & need
- the chance you pass up when you make a choice/decision
- resources needed to produce goods and services
- human-made goods that people use to produce other goods and services
- U.S. economy where buyers & sellers freely choose to buy/make what they want
- anything owned by individuals or groups rather than the government
- the amount of good or service available at a certain price
- how much consumers will buy at a certain price
- tariff, import quota, embargo
- tax on imports
- restricts the number of units of a product that can be brought into the country
- bans the import/export of a good
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