Define the following economic terms using the Quizlet link below. Then add the terms to your Digital Dictionary in Google Classroom.

1. Traditional Economy

2. Command Economy

3. Market Economy

4. Mixed Economy

5. Specialization

6. Trade Barriers

7. Tariff

8. Quota

9. Embargo

10. International Trade

11. Literacy Rate

12. Standard of living

13. Human Capital

14. Gross Domestic Product (GDP)

15. Per Capita (In context of GDP)

16. Capital Goods

17. Investment

18. Natural Resources

19. Entrepreneurship

20. Voluntary Trade

21. Exchange Rate

22. Currency

23. Foreign Exchange

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