Hicks Unit 3 vocab 11-20

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Anonymous
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244125
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Hicks Unit 3 vocab 11-20
Updated:
2013-10-31 10:43:26
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Hicks
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Unit 3 vocab 11-20
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  1. way of restricting or limiting trade by tariffs, embargos, and quotas
    trade barrier
  2. a tax on imported goods
    tariff
  3. a limit placed on the number of imported goods that may enter a country
    quota
  4. a government order stopping trade with anouterh country to put  pressure on the goveernment of that other country
    embargo
  5. spending money or goods in order to gain profitable returns (make more $)
    investment
  6. workers of a business or country including their education, training, skills and health
    human capital
  7. machines or tools used to manufacture goods
    captial goods
  8. gross domestic product; the total value of all the final goods and services produced in a country in one year.
    GDP
  9. things a country uses from nature to make money or things. (water, timber, minerals, oil)
    natural resources
  10. risking one's own money, time, idea and energy to start a business.
    entrepreneurship

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