Team 1
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Team 2
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Teams
Name
Score
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15
×
Specialization
A county may specialize in the production of certain goods.
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Okay!
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15
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Currency
Money
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Okay!
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15
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Tariff
A tax on imported goods
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Okay!
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15
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Traditional Economy
Exchange of goods and services based on customs and tradition.
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Okay!
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15
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Demand
How many customers want the goods.
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15
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Consumer
Customer
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15
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Natural Resources
"Gifts of nature" such as forests, water, minerals, and fertile soil.
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15
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Gross Domestic Product (GDP)
the total value of all goods and services produced within a country during a given year.
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heart
Other team wins 20 points!
Oops!
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rocket
Go to first place!
Okay!
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gift
Win 10 points!
Okay!
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baam
Lose 5 points!
Oops!
15
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Exchange Rate
A fee that you pay to trade your money for another currency.
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Okay!
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15
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Entrepreneur
A person who takes a risk and provides the money to start and own his or her own business.
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Okay!
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boom
Lose 50 points!
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fairy
Take points!
5
10
15
20
25
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shark
Other team loses 25 points!
Okay!
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thief
Give points!
5
10
15
20
25
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heart
Other team wins 25 points!
Oops!
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gift
Win 20 points!
Okay!
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rocket
Go to first place!
Okay!
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lifesaver
Give 20 points!
Oops!
15
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Literacy Rate
percentage of people who can read and write in a country.
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15
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Embargo
Government order to stop trading with another country.
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Okay!
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15
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Market Economy
Individual business owners make the economic decisions based on what the consumers buy.
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Okay!
Check
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