Hicks Unit 3 Vocabulary #2

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Author:
ahicks
ID:
244322
Filename:
Hicks Unit 3 Vocabulary #2
Updated:
2013-11-01 11:26:03
Tags:
Hicks Unit Vocabulary
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Description:
Unit 3 Vocabulary Words
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  1. way of limiting trade by tariffs, quotas, and embargoes
    trade barrier
  2. a tax on imported goods
    tariff
  3. a limit placed on the number of goods that may enter a country
    quota
  4. a government order stopping trade with another country to put pressure on the government of that other country
    embargo
  5. spending money or goods in order to gain profitable returns
    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
    capital goods
  8. the total amount of all the final goods and services produced in a country in one year
    gross domestic product (GDP)
  9. resources that are found in the natural world
    natural resources
  10. risking ones own money, time, idea, and energy to start a business
    entrepreneurship

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