Section 1 Vocab
Section 2 Vocab
Section 3 Vocab
Ch. 18 Questions
Miscellaneous
100
Movement toward a more integrated and interdependent world economy
What is globalization?
100
Condition that results from not having enough resources to droduce all of the things people would like to have
What is scarcity?
100
Comparing cost of action and its benefits
What is cost benefit analysis?
100
This leads to growing interaction between countries and the development of interantional organizations.
What is globalization?
100
Number one song on iTunes
What is Timber (feat. Ke$ha) by Pitbull
200
Division of workers into a number of special tasks
What is division of labor?
200
Natural resource that can be replinished for future use
What are renewable resources?
200
Cost of the next best alternative
What are opportunity costs?
200
Overpopulation, resource depletion, and pollution are all...
What are global economic challenges?
200
Google is currently building up this
What is an army of robots
300
Ability to do something at a relatively low opportunity cost than someone else
What is comparative advantage?
300
Power or energy generated by moving water
What is hydropower?
300
Free enterprise economy with some government involvement
What is a modified free enterprise economy?
300
This provides a foundation for analyzing choices and making decisions today and in the future
What is economics?
300
This actor in the "Fast & Furious" movie franchise died in a car crash Nov. 30
Who is Paul Walker?
400
Hiring outside firms for non-core operations to lower operating costs
What is outsourcing?
400
Substantial oversupply
What is a glut?
400
Economic system in which private citizens own and use the factors of production in order to generate profits
What is capitalism?
400
This economic system adapts to the changing wants and needs of people
What is capitalism?
400
911 tapes were released yesterday regarding this event
What is Sandy Hook Shootings
500
Corporation producing and selling without regard to national boundaries and whosebusiness activities are located in several different countries
What are multinationals?
500
Energy made from wood and wood wastes, peat, municipal solid waste, straw, corn, tires, landfill gases, fish oils, and other wastes
What is biomass?
500
Decision making that compares the extra cost of doing something to the extra benefits gained
What is marginal analysis?
500
Mutual dependence at a global level
What is global interdependence
500
A nut and also a fruit.
What are CASHEWS!
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