Chapter 4- ecinomics Flashcards

0
Q

Define trade.

A

Buying selling and exchanging goods of within and between countries

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1
Q

What are the types of economics?

A
  • command
  • market
  • mixed
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2
Q

What is an export?

A

Products leaving a country

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3
Q

What is an import?

A

Products entering a country.

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