History OGT Study
Order by
11 terms
Terms | Definitions |
|---|---|
 Command Economy | All economic decisions made by the government |
| Market Economy | Businesses, Privately Owned |
| Mixed Economy | Combination of Privately owned and Government Controlled Business |
| Trade | Buying, Selling, and Exchanging of goods within and between countries |
| Exports | Products leaving a country |
| Imports | Products entering a country |
| Trade Imbalance | When a country's imports and exports are not equal |
| Tariff | A tax placed on imports to protect domestic products |
| Embargo | A country refuses to trade with another country for political or Economic Reasons |
| Taxes | The way for a Government to raise money |
| Federal Reserve | The United States' system to manage the national economy |
First Time Here?
Welcome to Quizlet, a fun, free place to study. Try these flashcards, find others to study, or make your own.