Define the following economic terms using the Quizlet link below. Then add the terms to your Digital Dictionary in Google Classroom.
Traditional Economy
Command Economy
Market Economy
Mixed Economy
Specialization
Trade Barriers
Tariff
Quota
Embargo
International Trade
Literacy Rate
Standard of living
Human Capital
Gross Domestic Product (GDP)
Per Capita (In context of GDP)
Capital Goods
Investment
Natural Resources
Entrepreneurship
Voluntary Trade
Exchange Rate
Currency
Foreign Exchange