Institutions Institutions 2 Barterrific all mixed up @ the Movies
100
private property
A capitalist system is based on this kind of property.
100
False
True or False: Slavery is a part of a capitalist system.

.
100
money
By definition, barter trades do not include this.
100
Slavery
This is a system where some human beings are considered the legal property of others.
100
barter
I'll trade you a movie ticket for a dinner. This kind of trade is an example of ___________.
200
capital goods (producer goods)
In a purely socialist system, the government owns all of these kinds of goods.
200
market
Workers are free to choose their jobs in a __________(6 letters) economy.
200
Direct
_________ Exchange is barter, when people trade goods that they directly value.
200
Capitalism, Socialism, Mixed Economy
What are the 3 kinds of economies discussed in the book?
200
No, he doesn't. He works for the British Royalty
Does James Bond, (Agent 007) find work in the free market?
300
private sector
This sector of the economy is owned by individuals
300
A mixed economy
A government both allows free choices and limits choices in this kind of economy.
300
subjective
Both parties in a voluntary trade can benefit from it because value is ___________.
300
North Korea
Which country (discussed in class) has a completely government run economy?
300
Capitalism
(Free market, free enterprise are also ok)
In the Hunger Games, the economy of Panem can NOT be described as:
400
public sector
This sector of the economy is run by the government
400
Owner
This person has the legal right to decide how to use a good.
400
A red paperclip
A young man from Canada traded up to a house starting with what little thing.
400
mixed
China and the United States are both examples of __________(5 letters) economies.
400
Opportunity Cost
In the Hunger Games, when Katniss chooses Peeta instead of Gale, this is an example of __________.
500
Free enterprise
People often describe a capitalist system as having this kind of enterprise.
500
Capitalists
Karl Marx used this word to negatively descsribe private owners of capital.
500
a price
By definition, this is how many units of one items are given up to get a unit of a different item.
500
2 to 3 USD per month
The average North Korean earns about how much money per month?
500
free
In Pirates of the Carbbean, pirates' primary business are not ________ enterprise.






XiWai Econ review, early December 2015

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