Economics
Economics Review
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Topics of this game:
- tax on imports
- Anything owned by individuals or groups rather than the government.
- U.S. economy/market economy
- Buyers and sellers freely choose to buy or make whatever they want.
- Human-made goods that people use to produce other goods & services.
- Resources needed to produce goods and services.
- The chance you pass up when you make a decision or choice.
- There are not enough resources to produce everything people want & need.
- market, national, international
- A ban on the import or export of a good.
- Borrowing money to buy goods and services today with the promise to pay back the money in the future.
- A person who starts and runs a business.
- Natural resources people use to make products.
- The nation's workforce; Anyone who works to produce goods & services.
- The amount of a good or service available at a certain price.
- How much consumers will buy at a certain price.
- How countries try to protect their industries from competition.
- When a business takes over all of its competitors.
- The money a business has that is left over after paying the cost of creating the goods & services.
- People do and make what is based on "tradition" or "the way it's always been done."
- The study of how people & nations make choices about using scarce resources to fill their wants & needs.
- Restricting the number of units of a product that can be brought into the courntry.
- Government leaders tell people what to make and sell.
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