Sec 1
Sec 2
Sec 3
Vocab 1
Vocab 2
100
The movement towards a more integrated and interdependent world economy is ....
What is Globalization
100
The Fundamental economic problem is
What is Scarcity
100
In the last century who had the largest economy
What is U.S
100
Hiring outside firms for non-core operations
What is outsourcing
100
involves comparing the cost of an action to its benefits
What is Cost-Benefit Analysis
200
The Title of Sec 1
What is Globalization: Characteristics and Trends
200
What man argued that a population would grow faster than its ability to feed itself
What is Malthus
200
What are some of the tools economists use to analyze problems and make decisions
What is Possibilities Curve, Supply and Demand Curve
200
what is the ability to do something at a lower opportunity cost
What is Comparative Advantage
200
A little government involvement
What is Modified free enterprise economy
300
Name an example of an specific good..?
What is K.F.C,Pizza Hut, Star Bucks, Pepsi
300
Name an example of Raw Material
What is Mineral
300
What are some of the market economy's advantages?..
What is adjust to change gradually without government intervention
300
Fuel mixture 90% unleaded gas
What is gasohol
300
higher levels of productvity
What is division of labor
400
What does (IMF) stand for
What is International Monetary Funds
400
What is the biggest Non-Renewable energy
What is Oil
400
What year was the forces of socialism and communism sweeping the world
What is 1930
400
a substantial oversupply of oil
What is glut
400
signed to extend tariffs
What is (GATT)
500
In 1914 what was the name of the group in Russia that fought against Capitalism
What is Bolshheviks
500
Nearly 2/3 of the worlds coal deposit are in what 3 countries?..
What is United States, Russia, China
500
What is the most dominant force in the world
What is Capitalism
500
Containment of air, water or soil
What is Pollution
500
mixture of water and sulfur
What is Acid Rain