Unit 3: Impact of Oil and the Economy of Southwest Asia Vocabulary

This bingo card has 30 words: a country’s GDP divided by the population amount, A person who starts, organizes and operates a brand new business or businesses., products a country buys, this is a good ENTERING the country to be used., A product a country makes that is best and that are in demand on the world market is a way to build a profitable economy and to earn money to buy items that cannot be made locally., A system of changing one type of currency to another between two countries., One country announces that it will no longer or stop trade with another country., Something that is used as a medium of exchange or trade, each country tends to have their own of this, for example: a dollar., the amount of citizens who can read and write within a country, usually represented through a percentage, products a country sells, this is a good EXITING the country to be traded or provide money in return., Limiting the amount of foreign goods that can come into a country., A tax placed on goods when they are brought (imported) into one country from another country., The total value of all goods and services produced by a country in a single year., The way a country manages its money and resources (such as workers and land) to produce, buy, and sell goods and services., The factories, machines, and technology that people use to make other items for buying and selling., Currency, Capital Goods, Embargo, Entrepreneur, Exchange Rate, Gross Domestic Product, Human Capital, Investment, Quota, Specialization, Tariff, Literacy Rate, Gross Domestic Product Per Capita, Economy, Import and Export.

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