Latin America Economics Vocabulary Quiz

Random History or vocabulary Quiz

Can you name the Latin America Economics Vocabulary Terms?

Quiz not verified by Sporcle

embed
 plays        
How to Play
DefinitionVocabulary Term
The rare mixture of the qualities needed to create and run new businesses
An economy that allows business owners to complete in the market with little government interference
The knowledge and skills that allowed workers to produce goods and services and earn an income
Treaty between the US, Canada, and Mexico that reduced trade barriers between the three countries
Social roles and culture determine how goods and services are produced, what prices and individual incomes are, and which consumers are allowed to buy certain goods
The total value of the goods and services that a country produces each year
A fee imposed by a government on imported or exported goods
The government decides how many of which goods are produced and sets the prices
A limit on the amount of a product that may be imported during a given period of time
A type of trade barrier in which a government places restrictions on the import or export of certain goods. Often backed by military force
An economic system with a combination of tradition, command, and market economies
Resources such a factories, machinery, and tools that people use to make other goods

You're not logged in!

Compare scores with friends on all Sporcle quizzes.
Sign Up with Email
OR
Log In

You Might Also Like...

Show Comments

Extras