HumanCapitalCapitalGoodsSomething that isused as a medium ofexchange or trade,each country tends tohave their own ofthis, for example: adollar.A product a countrymakes that is best andthat are indemand on the worldmarket is a way to builda profitable economy andto earn money to buyitems that cannot bemade locally.EmbargoCurrencyA system ofchanging onetype of currencyto anotherbetween twocountries.InvestmentExportThe factories,machines, andtechnology thatpeople useto make otheritems for buyingand selling.products acountry buys,this is a goodENTERING thecountryto be used.a country’sGDP dividedby thepopulationamountOne countryannounces thatit will no longeror stop tradewithanother country.SpecializationQuotaThe total valueof all goods andservicesproduced by acountry in asingle year.Limiting theamount offoreign goodsthat can comeinto acountry.Economyproducts a countrysells, this is agood EXITING thecountry to betraded or providemoney in return.A person whostarts, organizesand operates abrand newbusiness orbusinesses.ExchangeRateThe way a countrymanages its moneyand resources (suchasworkers and land) toproduce, buy, andsell goods andservices.Tariffthe amount ofcitizens who can readand write within acountry, usuallyrepresented througha percentageGrossDomesticProductImportGrossDomesticProductPer CapitaEntrepreneurLiteracyRateA tax placed ongoods when theyare brought(imported) into onecountry fromanother country.HumanCapitalCapitalGoodsSomething that isused as a medium ofexchange or trade,each country tends tohave their own ofthis, for example: adollar.A product a countrymakes that is best andthat are indemand on the worldmarket is a way to builda profitable economy andto earn money to buyitems that cannot bemade locally.EmbargoCurrencyA system ofchanging onetype of currencyto anotherbetween twocountries.InvestmentExportThe factories,machines, andtechnology thatpeople useto make otheritems for buyingand selling.products acountry buys,this is a goodENTERING thecountryto be used.a country’sGDP dividedby thepopulationamountOne countryannounces thatit will no longeror stop tradewithanother country.SpecializationQuotaThe total valueof all goods andservicesproduced by acountry in asingle year.Limiting theamount offoreign goodsthat can comeinto acountry.Economyproducts a countrysells, this is agood EXITING thecountry to betraded or providemoney in return.A person whostarts, organizesand operates abrand newbusiness orbusinesses.ExchangeRateThe way a countrymanages its moneyand resources (suchasworkers and land) toproduce, buy, andsell goods andservices.Tariffthe amount ofcitizens who can readand write within acountry, usuallyrepresented througha percentageGrossDomesticProductImportGrossDomesticProductPer CapitaEntrepreneurLiteracyRateA tax placed ongoods when theyare brought(imported) into onecountry fromanother country.

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

(Print) Use this randomly generated list as your call list when playing the game. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.


1
N
2
I
3
B
4
I
5
N
6
B
7
N
8
G
9
G
10
G
11
B
12
N
13
G
14
I
15
B
16
I
17
G
18
I
19
N
20
G
21
B
22
N
23
N
24
I
25
I
26
N
27
B
28
G
29
G
30
B
  1. N-Human Capital
  2. I-Capital Goods
  3. B-Something that is used as a medium of exchange or trade, each country tends to have their own of this, for example: a dollar.
  4. I-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.
  5. N-Embargo
  6. B-Currency
  7. N-A system of changing one type of currency to another between two countries.
  8. G-Investment
  9. G-Export
  10. G-The factories, machines, and technology that people use to make other items for buying and selling.
  11. B-products a country buys, this is a good ENTERING the country to be used.
  12. N-a country’s GDP divided by the population amount
  13. G-One country announces that it will no longer or stop trade with another country.
  14. I-Specialization
  15. B-Quota
  16. I-The total value of all goods and services produced by a country in a single year.
  17. G-Limiting the amount of foreign goods that can come into a country.
  18. I-Economy
  19. N-products a country sells, this is a good EXITING the country to be traded or provide money in return.
  20. G-A person who starts, organizes and operates a brand new business or businesses.
  21. B-Exchange Rate
  22. N-The way a country manages its money and resources (such as workers and land) to produce, buy, and sell goods and services.
  23. N-Tariff
  24. I-the amount of citizens who can read and write within a country, usually represented through a percentage
  25. I-Gross Domestic Product
  26. N-Import
  27. B-Gross Domestic Product Per Capita
  28. G-Entrepreneur
  29. G-Literacy Rate
  30. B-A tax placed on goods when they are brought (imported) into one country from another country.