Economics Project (Option 7) Chapter 2 Vocabulary

Economics Project (Option 7) Chapter 2 Vocabulary
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  • Did you enjoy the food?
  • Yes! It was also a very good price.
  • Voluntary Exchange
  • How much for the sheep?
  • Traditional Economy
  • I can trade you the sheep for the pig.....
  • THAT BUS WILL NOT GET GAS TODAY! WE ARE SCARCE ON RESOURCES.
  • Command Economy
  • At this farmers market I can use any form of payment. Card, Cash or Coins.
  • Market Economy 
  • There is a restriction on the mail today. I cannot work.
  • Mixed Economy
  • Minimum Wage
  • I LOVE to paint but it pays less then minimum wage! I have to have a desk job in order to survive
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