Ch. 9
E-Commerce is another way of saying this.
What is "online shopping"?
The interconnected economies of nations of the world is known as:
What is "global economy"?
Trade within one state is called:
What is "intrastate commerce"?
The three functions of money are:
Medium of exchange Standard of Value Store of Value
Where the paper used in U.S currency is made.
Where is Massachusetts?
The physical location of a business is known as this.
What is a "brick-and-mortar"?
Things brought IN to the country are known as:
What are "imports"?
What is the difference between a "monopoly" and an "oligopoly"?
A monopoly is one company controls an industry, an oligopoly is when a few companies band together to control an industry.
The Federal Reserve where money is made is in this city.
What is New York City?
True or False: Most jobs do not require employees to use technology.
What is "False"?
How is trade "balanced"?
Value of imports and exports of a nation would be EQUAL.
What is the difference between a "copyright", a "patent", and a "trademark"? What are the similarities between these?
All protect creative rights. Copyright - Creations (ex. songs) Patent - Invention (ex. Swiffer) Trademark - Symbol or Character (ex. Wendy from Wendy's; Ronald McDonald, etc.)
Currency in the United States is no longer backed by gold - True or False
What is "True"?
Some benefits of technology in the work place are:
Quicker communication More efficient work
When several countries merge their economies into one huge market, it is known as this. Also give an example.
What is "a trade alliance"? Example: NAFTA (U.S, Canada, Mexico) pros: easier to buy oil from Mexico and sell cars there; cons: workers may be displaced, U.S jobs may be lost
Monetary grants given to producers or consumers to encourage certain behaviors are called:
What are "subsidies"?
List at least two protective measures on money.
What are "watermarks and a reflective strip"?
The telephone revolutionized communication and the workplace. What year was the telephone invented?
What is "1876"?
Sarah and Phillipe are planning to travel to multiple countries and are trying to budget for their trip. They are planning to spend 4000 euros in Germany, 8000 pounds in England, and 1500 zlotys in Poland.
If 1 Euro = 1.13 USD, 1 Pound = 1.28 USD, and 1 Zloty = 0.26 USD, how many dollars do Sarah and Phillipe have to bring?
4000 * 1.13 = 4,520
8000 * 1.28 = 10,240
1500 * 0.26 = 390
4,520+10,240+390 = 15,150 USD
Where does tax money come from? What projects does it go towards?
Tax money comes from paying citizens; it goes towards projects that benefit the public (roads, libraries, etc.)
The Chairman of the Federal Reserve at the time of this movie.
Who is "Alan Greenspan"?