Study For IT Test

fazalati's version from 2018-02-15 00:59


Question Answer
What is a CAPITAL?Man-made resources to produce other goods and services
What is CURRENCY?The form of money used by a country
What is being DOMESTIC mean?Having to do with the affairs of a country
What is an EMBARGO?When a nation prohibits trade with another, often for political reasons
What does it mean to have ENTREPENEURSHIP?Taking the risks of organizing and coordinating resources
What is an EXCHANGE RATE?The formula used to convert one another's currency
What is an EXPORT?Goods shipped out of a country
What is a FREE MARKET ECONOMY?The system of buying and selling goods in which the citizens are permitted to changing the price without interference by the government